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

Petco Health and Wellness (NASDAQ:WOOF) announced 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 net margin of 1.77% and a negative return on equity of 5.40%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $0.02 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis.

Petco Health and Wellness Price Performance

Shares of WOOF stock traded down $0.03 during trading hours on Wednesday, hitting $2.44. The company’s stock had a trading volume of 10,435,183 shares, compared to its average volume of 4,331,492. The business has a fifty day moving average of $3.02 and a 200-day moving average of $3.93. The stock has a market cap of $764.81 million, a price-to-earnings ratio of -6.10 and a beta of 1.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $6.29.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WOOF shares. Citigroup lowered their target price on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Wells Fargo & Company increased their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Morgan Stanley dropped their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.