Petco Health and Wellness (WOOF) Set to Announce Quarterly Earnings on Tuesday

Petco Health and Wellness (NASDAQ:WOOFGet Rating) will announce its earnings results before the market opens on Tuesday, May 24th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Petco Health and Wellness has set its FY 2022 guidance at $0.970-$1.000 EPS and its FY23 guidance at $0.97-1.00 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last posted its earnings results on Tuesday, March 8th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Petco Health and Wellness had a net margin of 2.83% and a return on equity of 9.49%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts expect Petco Health and Wellness to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Petco Health and Wellness stock opened at $18.36 on Tuesday. Petco Health and Wellness has a one year low of $16.22 and a one year high of $28.73. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.38. The stock’s 50-day moving average is $20.03 and its 200 day moving average is $19.90. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 0.43 and a beta of 1.04.

Institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its position in shares of Petco Health and Wellness by 133.9% during the 2nd quarter. Morgan Stanley now owns 270,874 shares of the company’s stock valued at $6,070,000 after buying an additional 155,085 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Petco Health and Wellness during the third quarter valued at approximately $225,000. LPL Financial LLC boosted its stake in shares of Petco Health and Wellness by 35.7% during the third quarter. LPL Financial LLC now owns 57,108 shares of the company’s stock valued at $1,205,000 after purchasing an additional 15,033 shares in the last quarter. UBS Group AG boosted its stake in shares of Petco Health and Wellness by 25.3% during the third quarter. UBS Group AG now owns 81,606 shares of the company’s stock valued at $1,722,000 after purchasing an additional 16,476 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Petco Health and Wellness by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 596,567 shares of the company’s stock valued at $11,807,000 after acquiring an additional 14,330 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

WOOF has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Petco Health and Wellness in a report on Monday. They set an “equal weight” rating and a $21.00 price objective for the company. Wedbush increased their price objective on Petco Health and Wellness from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 29th. Zacks Investment Research lowered Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Tuesday, February 8th. StockNews.com initiated coverage on Petco Health and Wellness in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Citigroup dropped their target price on Petco Health and Wellness from $28.00 to $26.00 in a research report on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness presently has an average rating of “Hold” and an average target price of $24.33.

Petco Health and Wellness Company Profile (Get Rating)

Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.

Further Reading

Earnings History for Petco Health and Wellness (NASDAQ:WOOF)

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