Petco Health and Wellness (NASDAQ:WOOF) Announces Earnings Results, Misses Expectations By $0.07 EPS

Petco Health and Wellness (NASDAQ:WOOF) posted its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.07), Briefing.com reports. Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year.

Petco Health and Wellness Trading Down 1.2 %

WOOF stock traded down $0.03 during trading on Wednesday, reaching $2.44. 10,435,183 shares of the stock were exchanged, compared to its average volume of 4,331,492. The firm has a market capitalization of $764.81 million, a price-to-earnings ratio of -6.10 and a beta of 1.92. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average price of $3.02 and a 200-day moving average price of $3.93.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Citigroup dropped their price objective on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley cut their price target on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. Finally, Wedbush reissued an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Petco Health and Wellness has a consensus rating of “Hold” and an average price target of $4.28.

Petco Health and Wellness Company Profile

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.