PetSmart (PETM) Set to Announce Quarterly Earnings on Wednesday
PetSmart (NASDAQ:PETM) is set to announce its Q214 earnings results on Wednesday, August 20th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $1.73 billion for the quarter. PetSmart has set its Q2 guidance at $0.92-0.96 EPS and its FY15 guidance at $4.29-4.39 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
PetSmart (NASDAQ:PETM) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.03. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts expect PetSmart to post $4.32 EPS for the current fiscal year and $4.71 EPS for the next fiscal year.
Shares of PetSmart (NASDAQ:PETM) opened at 68.44 on Tuesday. 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 $6.790 billion and a P/E ratio of 16.79.
PETM has been the subject of a number of recent research reports. 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 analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus 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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