Wall Street analysts expect PetMed Express, Inc. (NASDAQ:PETS) to post earnings of $0.30 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for PetMed Express’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.31. PetMed Express posted earnings of $0.24 per share in the same quarter last year, which suggests a positive year over year growth rate of 25%. The company is scheduled to announce its next quarterly earnings results on Monday, October 23rd.

According to Zacks, analysts expect that PetMed Express will report full year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.41 to $1.43. For the next financial year, analysts expect that the business will report earnings of $1.52 per share, with EPS estimates ranging from $1.51 to $1.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow PetMed Express.

PetMed Express (NASDAQ:PETS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. PetMed Express had a net margin of 10.34% and a return on equity of 28.67%. The firm had revenue of $79.66 million for the quarter, compared to the consensus estimate of $77.32 million. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis.

PETS has been the topic of a number of recent analyst reports. Craig Hallum cut PetMed Express from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Noble Financial reiterated a “hold” rating on shares of PetMed Express in a research note on Wednesday, July 26th. Zacks Investment Research upgraded PetMed Express from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research note on Wednesday, May 10th. Finally, Northcoast Research upgraded PetMed Express from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Monday, July 24th.

PetMed Express (NASDAQ PETS) opened at 45.46 on Friday. The firm has a 50 day moving average of $44.29 and a 200 day moving average of $30.92. PetMed Express has a 12-month low of $18.90 and a 12-month high of $50.90. The firm has a market capitalization of $922.47 million, a P/E ratio of 34.97 and a beta of 0.99.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, August 3rd. PetMed Express’s dividend payout ratio (DPR) is currently 61.54%.

TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Anticipate PetMed Express, Inc. (PETS) Will Post Earnings of $0.30 Per Share” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/18/zacks-brokerages-anticipate-petmed-express-inc-pets-will-post-earnings-of-0-30-per-share.html.

In related news, CFO Bruce S. Rosenbloom sold 6,833 shares of PetMed Express stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $50.18, for a total value of $342,879.94. Following the completion of the sale, the chief financial officer now owns 18,534 shares of the company’s stock, valued at approximately $930,036.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Schweitzer sold 2,500 shares of PetMed Express stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $49.18, for a total value of $122,950.00. Following the completion of the sale, the director now directly owns 88,834 shares of the company’s stock, valued at approximately $4,368,856.12. The disclosure for this sale can be found here. In the last three months, insiders sold 19,333 shares of company stock valued at $949,730. 4.00% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in PETS. TD Asset Management Inc. raised its stake in shares of PetMed Express by 28.7% in the first quarter. TD Asset Management Inc. now owns 132,378 shares of the company’s stock valued at $2,666,000 after buying an additional 29,500 shares during the period. Karp Capital Management Corp purchased a new stake in shares of PetMed Express during the first quarter valued at $496,000. Comerica Bank raised its stake in shares of PetMed Express by 3.9% in the first quarter. Comerica Bank now owns 22,619 shares of the company’s stock valued at $526,000 after buying an additional 858 shares during the period. Bank of New York Mellon Corp raised its stake in shares of PetMed Express by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 382,168 shares of the company’s stock valued at $7,696,000 after buying an additional 10,597 shares during the period. Finally, Capital One National Association raised its stake in shares of PetMed Express by 1.1% in the first quarter. Capital One National Association now owns 31,529 shares of the company’s stock valued at $635,000 after buying an additional 333 shares during the period. 79.12% of the stock is owned by institutional investors.

PetMed Express Company Profile

PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. It offers a selection of products for dogs and cats. Its product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.

Get a free copy of the Zacks research report on PetMed Express (PETS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PetMed Express (NASDAQ:PETS)

Receive News & Stock Ratings for PetMed Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetMed Express Inc. and related stocks with our FREE daily email newsletter.