Petco Health and Wellness (NASDAQ:WOOF) Issues FY23 Earnings Guidance

Petco Health and Wellness (NASDAQ:WOOFGet Rating) issued an update on its FY23 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.97-1.00 for the period, compared to the consensus EPS estimate of $0.99. The company issued revenue guidance of $6.15-6.25 billion, compared to the consensus revenue estimate of $6.19 billion.Petco Health and Wellness also updated its FY 2022 guidance to $0.97-$1.00 EPS.

Several equities analysts have commented on the stock. StockNews.com started coverage on shares of Petco Health and Wellness in a research report on Thursday, March 31st. They set a buy rating on the stock. Zacks Investment Research cut shares of Petco Health and Wellness from a buy rating to a hold rating in a research report on Tuesday, February 8th. Citigroup decreased their price target on shares of Petco Health and Wellness from $28.00 to $26.00 in a research note on Friday, May 13th. Wedbush increased their price objective on shares of Petco Health and Wellness from $23.00 to $25.00 and gave the company an outperform rating in a research note on Tuesday, March 29th. Finally, Morgan Stanley initiated coverage on shares of Petco Health and Wellness in a research report on Monday, May 16th. They set an equal weight rating and a $21.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $24.33.

Shares of WOOF stock opened at $14.60 on Tuesday. The business’s 50 day moving average is $19.88 and its two-hundred day moving average is $19.67. The company has a market capitalization of $3.32 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 0.38 and a beta of 1.04. Petco Health and Wellness has a twelve month low of $14.38 and a twelve month high of $28.73. The company has a current ratio of 1.02, a quick ratio of 0.38 and a debt-to-equity ratio of 0.73.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last released its quarterly earnings results on Tuesday, March 8th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Petco Health and Wellness had a return on equity of 9.49% and a net margin of 2.83%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. As a group, equities analysts predict that Petco Health and Wellness will post 0.89 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp bought a new stake in Petco Health and Wellness in the first quarter valued at $128,843,000. Bank of New York Mellon Corp grew its stake in Petco Health and Wellness by 422.9% in the first quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock valued at $28,416,000 after purchasing an additional 1,174,228 shares in the last quarter. BlackRock Inc. lifted its holdings in Petco Health and Wellness by 46.1% during the 4th quarter. BlackRock Inc. now owns 3,642,989 shares of the company’s stock worth $72,095,000 after purchasing an additional 1,148,949 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Petco Health and Wellness by 19.8% in the 1st quarter. Clearbridge Investments LLC now owns 4,432,694 shares of the company’s stock valued at $86,748,000 after acquiring an additional 733,842 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Petco Health and Wellness by 38.6% during the 4th quarter. Millennium Management LLC now owns 1,002,062 shares of the company’s stock worth $19,831,000 after buying an additional 279,030 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.

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

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