PetMed Express, Inc. (PETS) Expected to Announce Earnings of $0.35 Per Share
Equities analysts expect PetMed Express, Inc. (NASDAQ:PETS) to announce earnings of $0.35 per share for the current quarter, according to Zacks. Three analysts have made estimates for PetMed Express’ earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.30. PetMed Express posted earnings of $0.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 45.8%. The business is scheduled to report its next quarterly earnings report on Monday, January 22nd.
On average, analysts expect that PetMed Express will report full year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.76. For the next fiscal year, analysts expect that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.61 to $1.73. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for PetMed Express.
PetMed Express (NASDAQ:PETS) last announced its quarterly earnings data on Monday, October 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.13. The business had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $63.41 million. PetMed Express had a return on equity of 31.46% and a net margin of 11.58%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS.
PETS has been the subject of a number of recent research reports. Sidoti upgraded PetMed Express from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Thursday, August 24th. BidaskClub lowered PetMed Express from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered PetMed Express from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 25th. Northcoast Research upgraded PetMed Express from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Monday, July 24th. Finally, Craig Hallum lowered PetMed Express from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. PetMed Express currently has an average rating of “Hold” and an average target price of $42.00.
PetMed Express (NASDAQ:PETS) opened at 35.36 on Wednesday. The stock has a 50 day moving average price of $35.80 and a 200 day moving average price of $36.83. PetMed Express has a 52 week low of $18.90 and a 52 week high of $50.90. The stock has a market cap of $717.53 million, a PE ratio of 27.20 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. PetMed Express’s dividend payout ratio (DPR) is presently 53.69%.
In other PetMed Express news, Director Ronald J. Korn sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $35.57, for a total transaction of $35,570.00. Following the completion of the sale, the director now owns 73,833 shares in the company, valued at approximately $2,626,239.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PETS. Ameriprise Financial Inc. grew its stake in PetMed Express by 6.1% during the 1st quarter. Ameriprise Financial Inc. now owns 159,220 shares of the company’s stock valued at $3,183,000 after purchasing an additional 9,164 shares in the last quarter. Arizona State Retirement System grew its stake in PetMed Express by 0.9% during the 1st quarter. Arizona State Retirement System now owns 10,667 shares of the company’s stock valued at $215,000 after purchasing an additional 100 shares in the last quarter. Principal Financial Group Inc. grew its stake in PetMed Express by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 166,478 shares of the company’s stock valued at $3,353,000 after purchasing an additional 5,478 shares in the last quarter. Teachers Advisors LLC grew its stake in PetMed Express by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 61,884 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in PetMed Express by 4.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 11,530 shares of the company’s stock valued at $232,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.
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About PetMed Express
PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. It offers a selection of products for dogs and cats. Its product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.
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