PetSmart (PETM) Set to Announce Quarterly Earnings on Wednesday
PetSmart (NASDAQ:PETM) is scheduled to issue its Q114 quarterly earnings data on Wednesday, May 21st. Analysts expect the company to announce earnings of $1.01 per share and revenue of $1.77 billion for the quarter. PetSmart has set its Q1 guidance at $0.99-1.03 EPS and its FY15 guidance at $4.42-4.54 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.
PetSmart (NASDAQ:PETM) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts expect PetSmart to post $4.45 EPS for the current fiscal year and $5.04 EPS for the next fiscal year.
Shares of PetSmart (NASDAQ:PETM) opened at 65.26 on Tuesday. PetSmart has a 52 week low of $62.12 and a 52 week high of $77.32. The stock has a 50-day moving average of $67.30 and a 200-day moving average of $68.54. The company has a market cap of $6.438 billion and a price-to-earnings ratio of 16.16.
PETM has been the subject of a number of recent research reports. Analysts at Wolfe Research downgraded shares of PetSmart from a “market perform” rating to an “underperform” rating in a research note on Monday. On the ratings front, analysts at Bank of America downgraded shares of PetSmart from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 15th. They now have a $60.00 price target on the stock, down previously from $77.00. Finally, analysts at BofA Merrill Lynch downgraded shares of PetSmart from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 15th. They now have a $60.00 price target on the stock, down previously from $77.00. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.67.
PetSmart, Inc supplies products, services and solutions for the lifetime needs of pets. The Company operates a website for pet supplies, foods and different animal needs.
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