PetSmart, Inc. (PETM) Updates Q3 Earnings Guidance
PetSmart, Inc. (NASDAQ:PETM) updated its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.93-0.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.94, Stock Ratings Network reports. PetSmart also updated its FY15 guidance to $4.29-4.39 EPS.
Shares of PetSmart, Inc. (NASDAQ:PETM) traded up 1.84% on Tuesday, hitting $69.70. The stock had a trading volume of 4,439,672 shares. PetSmart, Inc. has a 52-week low of $55.00 and a 52-week high of $77.32. The stock has a 50-day moving average of $68.2 and a 200-day moving average of $65.35. The company has a market cap of $6.915 billion and a price-to-earnings ratio of 16.78.
PetSmart (NASDAQ:PETM) last announced its earnings results on Tuesday, August 19th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that PetSmart, Inc. will post $4.32 earnings per share for the current fiscal year.
A number of research firms have recently commented on PETM. Analysts at Zacks upgraded shares of PetSmart from an underperform rating to a neutral rating in a research note on Tuesday, July 22nd. They now have a $70.20 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a sell rating on shares of PetSmart in a research note on Thursday, July 17th. They now have a $60.00 price target on the stock, up previously from $50.00. Finally, analysts at RBC Capital downgraded shares of PetSmart from an outperform rating to a sector perform rating in a research note on Thursday, July 17th. They now have a $66.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $61.72.
PetSmart, Inc (NASDAQ:PETM) is a specialty provider of pet products and services in North America.
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