VCA Inc. (NASDAQ:WOOF) – Analysts at Northcoast Research upped their Q3 2016 EPS estimates for VCA in a research note issued on Wednesday. Northcoast Research analyst E. Snyder now anticipates that the brokerage will post earnings per share of $0.83 for the quarter, up from their prior forecast of $0.82. Northcoast Research also issued estimates for VCA’s Q1 2017 earnings at $0.77 EPS and Q3 2017 earnings at $0.95 EPS.
WOOF has been the topic of several other reports. Jefferies Group initiated coverage on VCA in a research report on Wednesday, June 8th. They set a “hold” rating on the stock. Zacks Investment Research cut VCA from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Bank of America Corp. initiated coverage on VCA in a research report on Thursday. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. VCA presently has an average rating of “Buy” and a consensus price target of $71.00.
VCA (NASDAQ:WOOF) traded up 1.71% during midday trading on Friday, hitting $70.01. 349,666 shares of the stock were exchanged. VCA has a 1-year low of $44.00 and a 1-year high of $73.69. The company’s 50 day moving average is $70.47 and its 200 day moving average is $65.67. The company has a market capitalization of $5.66 billion, a P/E ratio of 24.98 and a beta of 1.30.
VCA (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. VCA had a net margin of 9.93% and a return on equity of 16.86%. The company had revenue of $653.50 million for the quarter, compared to the consensus estimate of $637.18 million. During the same period last year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in VCA by 284.6% in the second quarter. Victory Capital Management Inc. now owns 1,422,709 shares of the company’s stock valued at $96,189,000 after buying an additional 1,052,773 shares in the last quarter. Norges Bank acquired a new position in VCA during the fourth quarter worth about $44,158,000. Congress Asset Management Co. MA acquired a new position in VCA during the second quarter worth about $38,961,000. William Blair Investment Management LLC acquired a new position in VCA during the second quarter worth about $36,329,000. Finally, FMR LLC boosted its position in VCA by 34.4% in the second quarter. FMR LLC now owns 1,542,771 shares of the company’s stock worth $104,307,000 after buying an additional 394,955 shares during the last quarter. 91.17% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director John B. Chickering, Jr. sold 2,302 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $70.85, for a total transaction of $163,096.70. Following the transaction, the director now owns 10,992 shares of the company’s stock, valued at approximately $778,783.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Arthur J. Antin sold 34,000 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $69.03, for a total value of $2,347,020.00. Following the transaction, the chief operating officer now directly owns 89,691 shares in the company, valued at approximately $6,191,369.73. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
VCA Inc is an animal healthcare company. The Company operates through five segments. Its Animal Hospital segment provides veterinary services for companion animals and sells related retail and pharmaceutical products. Its Laboratory segment provides diagnostic laboratory testing services for veterinarians, both associated with its animal hospitals and those independent of the Company.
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