Zacks: Brokerages Expect VCA Inc. (WOOF) Will Announce Quarterly Sales of $735.75 Million
Equities research analysts expect VCA Inc. (NASDAQ:WOOF) to announce sales of $735.75 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for VCA’s earnings. The highest sales estimate is $743.10 million and the lowest is $725.08 million. VCA reported sales of $653.49 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that VCA will report full year sales of $735.75 million for the current financial year, with estimates ranging from $2.80 billion to $2.95 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.13 billion per share, with estimates ranging from $2.98 billion to $3.35 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for VCA.
VCA (NASDAQ:WOOF) last announced its earnings results on Thursday, April 27th. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. The company had revenue of $678.25 million during the quarter, compared to analyst estimates of $679.92 million. VCA had a return on equity of 15.61% and a net margin of 8.13%.
WOOF has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $93.00 price target on shares of VCA in a research note on Friday, March 17th. Zacks Investment Research downgraded shares of VCA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub raised shares of VCA from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. VCA currently has a consensus rating of “Hold” and an average price target of $86.60.
VCA (NASDAQ:WOOF) opened at 92.35 on Friday. VCA has a 52 week low of $59.51 and a 52 week high of $92.87. The company has a 50-day moving average of $92.09 and a 200-day moving average of $87.29. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 35.38 and a beta of 0.99.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of VCA during the fourth quarter worth about $39,039,000. Thrivent Financial for Lutherans boosted its position in VCA by 2.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 51,170 shares of the company’s stock valued at $3,512,000 after buying an additional 1,200 shares during the period. Cigna Investments Inc. New purchased a new position in VCA during the fourth quarter valued at $204,000. Guggenheim Capital LLC boosted its position in VCA by 19.3% in the fourth quarter. Guggenheim Capital LLC now owns 138,720 shares of the company’s stock valued at $9,522,000 after buying an additional 22,482 shares during the period. Finally, Janus Capital Management LLC boosted its position in VCA by 4.9% in the fourth quarter. Janus Capital Management LLC now owns 209,000 shares of the company’s stock valued at $14,348,000 after buying an additional 9,700 shares during the period. Hedge funds and other institutional investors own 73.93% of the company’s stock.
VCA Company Profile
VCA Inc is an animal healthcare company operating in the United States and Canada. The Company operates through five segments: animal hospitals (Animal Hospital), veterinary diagnostic laboratories (Laboratory), veterinary medical technology (Medical Technology), Vetstreet and Camp Bow Wow Franchising, Inc (Camp Bow Wow).
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