Petco Health and Wellness (NASDAQ:WOOF) Announces Quarterly Earnings Results

Petco Health and Wellness (NASDAQ:WOOF) posted its earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02), Briefing.com reports. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. Petco Health and Wellness’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. Petco Health and Wellness updated its Q3 guidance to $(0.04)-(0.03) EPS and its Q3 2024 guidance to -0.040–0.030 EPS.

Petco Health and Wellness Price Performance

Shares of WOOF opened at $4.14 on Thursday. The firm has a market cap of $1.29 billion, a PE ratio of -0.83 and a beta of 1.88. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $4.85. The business’s 50 day moving average price is $3.08 and its two-hundred day moving average price is $2.73. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.21 and a current ratio of 0.85.

Wall Street Analysts Forecast Growth

WOOF has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wedbush reiterated an “outperform” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a report on Wednesday. Citigroup boosted their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Royal Bank of Canada lifted their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday. Finally, UBS Group increased their price objective on Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Petco Health and Wellness has an average rating of “Hold” and an average target price of $3.49.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.