Brokers Issue Forecasts for Pet Valu FY2024 Earnings

Pet Valu Holdings Ltd. (TSE:PET) – Equities researchers at National Bank Financial upped their FY2024 earnings per share estimates for Pet Valu in a report released on Monday, February 10th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $1.52 per share for the year, up from their previous estimate 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.

PET has been the topic of several other research reports. Raymond James dropped their target price on Pet Valu from C$36.00 to C$34.00 in a report on Wednesday, November 6th. TD Securities dropped their price objective on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price objective on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. Barclays lowered their target price on Pet Valu from C$28.00 to C$27.00 in a report on Wednesday, November 6th. Finally, Cormark downgraded shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Pet Valu Trading Down 0.9 %

Shares of TSE:PET opened at C$24.95 on Thursday. The stock has a 50 day moving average of C$25.57. The firm has a market cap of C$1.79 billion, a price-to-earnings 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 company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, November 29th. Pet Valu’s dividend payout ratio (DPR) is currently 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.