Roth Capital Has Positive Estimate for PSQ FY2024 Earnings

PSQ Holdings, Inc. (NYSE:PSQH) – Analysts at Roth Capital upped their FY2024 earnings estimates for shares of PSQ in a note issued to investors on Wednesday, November 13th. Roth Capital analyst D. Aftahi now expects that the company will earn ($1.59) per share for the year, up from their previous estimate of ($1.62). The consensus estimate for PSQ’s current full-year earnings is ($1.59) per share. Roth Capital also issued estimates for PSQ’s Q4 2024 earnings at ($0.38) EPS, Q1 2025 earnings at ($0.30) EPS, Q2 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.30) EPS, Q4 2025 earnings at ($0.28) EPS and FY2025 earnings at ($1.17) EPS.

PSQ (NYSE:PSQH) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The company had revenue of $6.54 million during the quarter, compared to the consensus estimate of $6.52 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. During the same quarter last year, the business earned ($0.49) earnings per share.

Separately, Roth Mkm reduced their price target on shares of PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday.

PSQ Stock Down 5.7 %

Shares of NYSE:PSQH opened at $2.32 on Monday. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. The company has a market cap of $72.82 million, a PE ratio of -1.84 and a beta of 0.34. PSQ has a 52 week low of $2.23 and a 52 week high of $6.82. The firm has a 50 day simple moving average of $2.66 and a 200 day simple moving average of $3.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC boosted its position in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 199,185 shares of the company’s stock after buying an additional 44,282 shares during the quarter. Geode Capital Management LLC owned approximately 0.63% of PSQ worth $490,000 at the end of the most recent reporting period. 17.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PSQ news, Director Kelly Lynn Loeffler purchased 1,203,704 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $2.70 per share, for a total transaction of $3,250,000.80. Following the purchase, the director now directly owns 1,203,704 shares in the company, valued at $3,250,000.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 32.11% of the company’s stock.

PSQ Company Profile

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.