Chewy (CHWY) Scheduled to Post Quarterly Earnings on Wednesday

Chewy (NYSE:CHWY) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 29th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Chewy has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. Chewy had a return on equity of 11.69% and a net margin of 0.33%. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.79 billion. On average, analysts expect Chewy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Chewy Stock Up 1.9 %

NYSE CHWY opened at $16.57 on Monday. The firm has a market cap of $7.21 billion, a PE ratio of 207.15, a P/E/G ratio of 8.44 and a beta of 0.91. Chewy has a 52 week low of $14.69 and a 52 week high of $40.78. The business’s fifty day simple moving average is $16.23 and its 200-day simple moving average is $18.25.

Insider Buying and Selling at Chewy

In other news, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the sale, the chief accounting officer now directly owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Sumit Singh sold 46,090 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $15.12, for a total value of $696,880.80. Following the completion of the sale, the chief executive officer now directly owns 1,379,100 shares of the company’s stock, valued at $20,851,992. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the sale, the chief accounting officer now directly owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The disclosure for this sale can be found here. Insiders have sold 69,993 shares of company stock worth $1,067,363 over the last three months. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CHWY has been the topic of several research analyst reports. Bank of America reduced their price objective on shares of Chewy from $17.00 to $16.50 and set an “underperform” rating on the stock in a report on Thursday, March 21st. The Goldman Sachs Group dropped their target price on Chewy from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Piper Sandler dropped their target price on Chewy from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, April 23rd. Royal Bank of Canada dropped their target price on Chewy from $35.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Chewy from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.60.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.