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

Petco Health and Wellness (NASDAQ:WOOFGet Rating) will be announcing its earnings results before the market opens on Wednesday, May 24th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Petco Health and Wellness has set its FY 2023 guidance at -$0.21–$0.13 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last posted its quarterly earnings data on Wednesday, March 22nd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. Petco Health and Wellness had a net margin of 1.50% and a return on equity of 6.57%. On average, analysts expect Petco Health and Wellness to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Petco Health and Wellness Trading Down 7.7 %

WOOF opened at $9.87 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $2.26 billion, a PE ratio of 29.91, a PEG ratio of 11.80 and a beta of 1.02. Petco Health and Wellness has a 1-year low of $7.59 and a 1-year high of $19.27. The firm has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $10.11.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WOOF shares. Robert W. Baird lowered their price target on shares of Petco Health and Wellness from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, March 22nd. Needham & Company LLC lowered their price objective on shares of Petco Health and Wellness from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, April 14th. Morgan Stanley lowered their price objective on shares of Petco Health and Wellness from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, March 23rd. Royal Bank of Canada lowered their price objective on shares of Petco Health and Wellness from $14.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, March 23rd. Finally, StockNews.com began coverage on shares of Petco Health and Wellness in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.75.

Insider Transactions at Petco Health and Wellness

In other Petco Health and Wellness news, CEO Ron Coughlin acquired 61,040 shares of Petco Health and Wellness stock in a transaction dated Tuesday, March 28th. The stock was bought at an average cost of $8.27 per share, for a total transaction of $504,800.80. Following the purchase, the chief executive officer now directly owns 618,317 shares in the company, valued at approximately $5,113,481.59. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Petco Health and Wellness

A number of large investors have recently modified their holdings of the business. MetLife Investment Management LLC acquired a new stake in Petco Health and Wellness in the 1st quarter valued at about $25,000. Brinker Capital Investments LLC lifted its stake in Petco Health and Wellness by 4.5% in the 1st quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock valued at $778,000 after purchasing an additional 1,711 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in Petco Health and Wellness by 15.3% in the 3rd quarter. Ensign Peak Advisors Inc now owns 14,390 shares of the company’s stock valued at $161,000 after acquiring an additional 1,910 shares during the period. PFS Investments Inc. raised its holdings in Petco Health and Wellness by 20.5% in the 4th quarter. PFS Investments Inc. now owns 13,001 shares of the company’s stock valued at $123,000 after acquiring an additional 2,209 shares during the period. Finally, Credit Suisse AG raised its holdings in Petco Health and Wellness by 3.3% in the 4th quarter. Credit Suisse AG now owns 84,387 shares of the company’s stock valued at $800,000 after acquiring an additional 2,664 shares during the period. 62.27% of the stock is currently owned by institutional investors and hedge funds.

Petco Health and Wellness Company Profile

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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 for Petco Health and Wellness (NASDAQ:WOOF)

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