Petco Health and Wellness (NASDAQ:WOOF) Releases Earnings Results, Misses Expectations By $0.07 EPS

Petco Health and Wellness (NASDAQ:WOOF) issued its earnings results on Wednesday. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.07), Briefing.com reports. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS.

Petco Health and Wellness Stock Down 1.2 %

Petco Health and Wellness stock traded down $0.03 during mid-day trading on Wednesday, hitting $2.44. 10,021,851 shares of the company’s stock were exchanged, compared to its average volume of 4,330,449. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29. The stock has a 50 day moving average of $3.02 and a two-hundred day moving average of $3.93. The stock has a market cap of $764.81 million, a P/E ratio of -6.10 and a beta of 1.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Analysts Set New Price Targets

WOOF has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Citigroup decreased their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Petco Health and Wellness currently has an average rating of “Hold” and a consensus target price of $4.28.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.