PetIQ (PETQ) Set to Announce Quarterly Earnings on Wednesday

Share on StockTwits

PetIQ (NASDAQ:PETQ) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

PetIQ (NASDAQ:PETQ) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.19. The company had revenue of $148.44 million for the quarter, compared to analyst estimates of $139.03 million. PetIQ had a net margin of 0.51% and a return on equity of 9.47%. On average, analysts expect PetIQ to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of PetIQ stock opened at $31.94 on Tuesday. The stock has a market capitalization of $917.38 million, a price-to-earnings ratio of 25.55, a P/E/G ratio of 1.76 and a beta of 2.06. PetIQ has a 52 week low of $21.29 and a 52 week high of $43.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.89 and a quick ratio of 1.51. The company has a 50 day moving average of $33.82.

PETQ has been the topic of several recent analyst reports. BidaskClub lowered shares of PetIQ from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Guggenheim initiated coverage on shares of PetIQ in a research note on Thursday, May 23rd. They issued a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research lowered shares of PetIQ from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, ValuEngine lowered shares of PetIQ from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $40.71.

In other news, insider Will Santana sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $27.46, for a total transaction of $549,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Nathan Clarke bought 31,031 shares of the stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average price of $28.12 per share, for a total transaction of $872,591.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 100,291 shares of company stock worth $3,119,691. Insiders own 23.79% of the company’s stock.

About PetIQ

PetIQ, Inc operates as a pet health and wellness company. It operates through two segments, Products and Services. It manufactures and distributes veterinarian services and veterinarian-grade pet products, including prescription (Rx) medications, over-the-counter (OTC) flea and tick preventatives, and health and wellness products for dogs and cats.

Further Reading: Moving Average Convergence Divergence (MACD)

Earnings History for PetIQ (NASDAQ:PETQ)

Receive News & Ratings for PetIQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetIQ and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Vipshop  Lifted to “Outperform” at Credit Suisse Group
Vipshop Lifted to “Outperform” at Credit Suisse Group
National Bank Financial Downgrades Mullen Group  to Sector Perform
National Bank Financial Downgrades Mullen Group to Sector Perform
Minto Apartment Real Estate Invt Trust  Price Target Raised to C$22.50
Minto Apartment Real Estate Invt Trust Price Target Raised to C$22.50
Metro  Price Target Raised to C$57.00 at TD Securities
Metro Price Target Raised to C$57.00 at TD Securities
Desjardins Boosts Metro  Price Target to C$54.00
Desjardins Boosts Metro Price Target to C$54.00
Stephens Reaffirms Equal Weight Rating for Finning International
Stephens Reaffirms Equal Weight Rating for Finning International


© 2006-2019 Ticker Report