PetMed Express, Inc. (PETS) Set to Announce Earnings on Monday
PetMed Express, Inc. (NASDAQ:PETS) will be releasing its earnings data on Monday, October 23rd. Analysts expect PetMed Express to post earnings of $0.31 per share for the quarter.
PetMed Express (NASDAQ:PETS) last posted its earnings results on Monday, July 24th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. PetMed Express had a net margin of 10.34% and a return on equity of 28.67%. The business had revenue of $79.66 million during the quarter, compared to the consensus estimate of $77.32 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect PetMed Express to post $1.42 EPS for the current fiscal year and $1.51 EPS for the next fiscal year.
Shares of PetMed Express, Inc. (NASDAQ:PETS) opened at 36.74 on Friday. The company has a market cap of $745.53 million, a P/E ratio of 28.26 and a beta of 1.03. The firm has a 50-day moving average of $35.65 and a 200-day moving average of $35.91. PetMed Express, Inc. has a 52-week low of $18.90 and a 52-week high of $50.90.
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A number of research analysts have issued reports on the stock. Northcoast Research upgraded shares of PetMed Express from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Monday, July 24th. Noble Financial restated a “hold” rating on shares of PetMed Express in a research note on Wednesday, July 26th. Craig Hallum restated a “hold” rating and set a $40.00 price target (down previously from $43.00) on shares of PetMed Express in a research note on Monday, August 21st. They noted that the move was a valuation call. Credit Suisse Group restated an “underperform” rating and set a $19.00 price target on shares of PetMed Express in a research note on Monday, October 2nd. Finally, BidaskClub lowered shares of PetMed Express from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.00.
In other news, Director Robert C. Schweitzer sold 2,500 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $49.18, for a total value of $122,950.00. Following the sale, the director now owns 88,834 shares in the company, valued at $4,368,856.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce S. Rosenbloom sold 6,833 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $50.18, for a total transaction of $342,879.94. Following the completion of the sale, the chief financial officer now owns 18,534 shares in the company, valued at approximately $930,036.12. The disclosure for this sale can be found here. Insiders have sold a total of 19,333 shares of company stock worth $949,730 in the last 90 days. 4.00% of the stock is currently owned by company insiders.
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.
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