PetMed Express (NASDAQ:PETS) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

PetMed Express (NASDAQ:PETSGet Rating) announced its quarterly earnings data on Monday. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03, MarketWatch Earnings reports. PetMed Express had a net margin of 7.83% and a return on equity of 16.00%. During the same period last year, the company earned $0.34 EPS.

Shares of PETS stock opened at $20.81 on Tuesday. The firm has a fifty day moving average of $25.39 and a 200-day moving average of $26.24. PetMed Express has a 12-month low of $19.65 and a 12-month high of $46.67. The company has a market capitalization of $436.57 million, a price-to-earnings ratio of 19.27 and a beta of 0.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.77%. PetMed Express’s dividend payout ratio is 111.11%.

Several research firms have weighed in on PETS. Sidoti upgraded shares of PetMed Express from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, January 20th. StockNews.com began coverage on shares of PetMed Express in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley cut their target price on shares of PetMed Express from $25.00 to $21.00 and set an “underweight” rating on the stock in a report on Tuesday, January 25th. Finally, Zacks Investment Research lowered shares of PetMed Express from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, PetMed Express has an average rating of “Hold” and an average target price of $27.00.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of PetMed Express by 6.7% during the fourth quarter. BlackRock Inc. now owns 3,290,803 shares of the company’s stock worth $83,125,000 after acquiring an additional 205,445 shares in the last quarter. State Street Corp grew its position in PetMed Express by 2.3% in the fourth quarter. State Street Corp now owns 1,022,162 shares of the company’s stock valued at $25,820,000 after purchasing an additional 22,763 shares in the last quarter. Allianz Asset Management GmbH grew its position in PetMed Express by 30.4% in the fourth quarter. Allianz Asset Management GmbH now owns 496,199 shares of the company’s stock valued at $12,534,000 after purchasing an additional 115,569 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in PetMed Express by 10.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 437,790 shares of the company’s stock valued at $11,059,000 after purchasing an additional 43,173 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in PetMed Express by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 372,529 shares of the company’s stock valued at $10,009,000 after purchasing an additional 7,378 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

About PetMed Express (Get Rating)

PetMed Express, Inc, together with its subsidiaries, doing business as 1-800-PetMeds, operates as a pet pharmacy in the United States. The company markets prescription and non-prescription pet medications, and other health products for dogs, cats, and horses. It offers non-prescription medications and supplies, such as flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies; and prescription medications, including heartworm preventatives, flea and tick preventatives, arthritis, dermatitis, thyroid, diabetes, pain medications, heart/blood pressure, and other specialty medications, as well as generic substitutes.

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Earnings History for PetMed Express (NASDAQ:PETS)

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