Atb Cap Markets Has Bearish Outlook for Pet Valu Q4 Earnings

Pet Valu Holdings Ltd. (TSE:PET) – Equities research analysts at Atb Cap Markets dropped their Q4 2024 earnings per share (EPS) estimates for shares of Pet Valu in a research note issued on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $0.40 for the quarter, down from their previous estimate of $0.44. The consensus estimate for Pet Valu’s current full-year earnings is $1.68 per share. Atb Cap Markets also issued estimates for Pet Valu’s Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.48 EPS and FY2025 earnings at $1.54 EPS.

A number of other equities research analysts also recently commented on the stock. Cormark downgraded shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Barclays reduced their price target on Pet Valu from C$28.00 to C$27.00 in a report on Wednesday. Royal Bank of Canada upped their price objective on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday. Raymond James reduced their target price on Pet Valu from C$36.00 to C$34.00 in a report on Wednesday. Finally, Cibc World Mkts raised shares of Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th.

Pet Valu Price Performance

PET stock opened at C$24.95 on Thursday. The firm has a market cap of C$1.79 billion, a PE ratio of 21.89 and a beta of 0.81. The stock has a fifty day moving average price of C$25.51. Pet Valu has a one year low of C$23.58 and a one year high of C$32.90.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.35 by C$0.06. The firm had revenue of C$276.03 million during the quarter, compared to the consensus estimate of C$267.68 million. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%.

Pet Valu Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.44 annualized dividend and a yield of 1.76%. Pet Valu’s dividend payout ratio is presently 38.60%.

Pet Valu Company Profile

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.