PetSmart (PETM) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
PetSmart (NASDAQ:PETM) released its earnings data on Tuesday. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.04, Analyst Ratings.Net reports. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.73 billion.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $61.72.
PetSmart (NASDAQ:PETM) traded up 1.84% during mid-day trading on Tuesday, hitting $69.70. 4,425,884 shares of the company’s stock traded hands. PetSmart 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 P/E ratio of 16.78.
PetSmart, Inc (NASDAQ:PETM) is a specialty provider of pet products and services in North America.
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