MWI Veterinary Supply Rating Reiterated by Zacks (MWIV)
MWI Veterinary Supply (NASDAQ:MWIV)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Friday. They currently have a $146.00 price objective on the stock. Zacks‘s price target suggests a potential upside of 4.74% from the stock’s previous close.
Zacks’ analyst wrote, “MWI Vet recorded EPS of $1.32 in the second quarter of fiscal 2014. While EPS surpassed the year-ago number by 10.9%, it missed the Zacks Consensus Estimate by 2.9%. However, revenues surged 28.1% to $721.3 million, exceeding the Zacks Consensus Estimate of $714 million. Despite severe weather conditions, the company posted healthy growth in the quarter. Considering the positive momentum over the past few quarters, the company has reaffirmed its strong guidance for fiscal 2014. Notably, MWI Vet has the strength to deliver consistent growth performance amid a low-growth environment. Moreover, its strategy of selective acquisition should keep the momentum going over the long haul. However, vendor dependency is a cause of concern. Currency headwinds also remain an overhang. Further, a tough competitive landscape, and macroeconomic uncertainty keep us on the sidelines. Accordingly, we remain Neutral on the stock.”
MWI Veterinary Supply (NASDAQ:MWIV) traded up 0.08% on Friday, hitting $139.50. 33,015 shares of the company’s stock traded hands. MWI Veterinary Supply has a 52 week low of $116.81 and a 52 week high of $188.40. The stock’s 50-day moving average is $147.5 and its 200-day moving average is $163.0. The company has a market cap of $1.794 billion and a P/E ratio of 26.81.
MWI Veterinary Supply (NASDAQ:MWIV) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.37 by $0.05. The company had revenue of $721.30 million for the quarter, compared to the consensus estimate of $717.90 million. During the same quarter last year, the company posted $1.19 earnings per share. MWI Veterinary Supply’s revenue was up 28.1% compared to the same quarter last year. Analysts expect that MWI Veterinary Supply will post $5.59 EPS for the current fiscal year.
MWI Veterinary Supply, Inc (NASDAQ:MWIV) is a distributor animal health products to veterinarians across the United States and United Kingdom.
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