Pet Valu FY2024 EPS Lifted by National Bank Financial

Pet Valu Holdings Ltd. (TSE:PET) – Equities researchers at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Pet Valu in a report issued on Monday, February 10th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $1.52 per share for the year, up from their prior forecast of $1.51. The consensus estimate for Pet Valu’s current full-year earnings is $1.68 per share. National Bank Financial also issued estimates for Pet Valu’s Q4 2024 earnings at $0.40 EPS and FY2025 earnings at $1.60 EPS.

Several other brokerages have also weighed in on PET. Cormark lowered shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 6th. Raymond James reduced their price target on shares of Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. TD Securities reduced their target price on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Barclays decreased their target price on Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday, November 6th.

Pet Valu Price Performance

PET stock opened at C$24.95 on Thursday. The stock’s 50 day moving average is C$25.57. The firm has a market capitalization of C$1.79 billion, a P/E ratio of 21.89 and a beta of 0.81. Pet Valu has a twelve month low of C$23.58 and a twelve month high of C$32.90.

Pet Valu Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, November 29th. This represents a $0.44 annualized dividend and a yield of 1.76%. Pet Valu’s dividend payout ratio (DPR) is 38.60%.

Pet Valu Company Profile

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.