Petco Health and Wellness (NASDAQ:WOOF) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Petco Health and Wellness (NASDAQ:WOOF) issued its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02, FiscalAI reports. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. Petco Health and Wellness updated its FY 2025 guidance to EPS.

Petco Health and Wellness Trading Up 14.5%

Shares of WOOF opened at $3.40 on Thursday. Petco Health and Wellness has a twelve month low of $2.28 and a twelve month high of $6.29. The company has a current ratio of 0.89, a quick ratio of 0.31 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $1.08 billion, a P/E ratio of -339.66 and a beta of 1.71. The firm’s 50-day moving average is $3.39 and its two-hundred day moving average is $3.29.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WOOF. Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Evercore ISI increased their price target on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock an “in-line” rating in a report on Wednesday. Guggenheim restated a “neutral” rating on shares of Petco Health and Wellness in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Tuesday, October 14th. Finally, Jefferies Financial Group boosted their target price on Petco Health and Wellness from $4.05 to $4.15 and gave the stock a “hold” rating in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3.96.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Petco Health and Wellness in the 3rd quarter worth about $84,000. Cetera Investment Advisers increased its holdings in Petco Health and Wellness by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock valued at $80,000 after acquiring an additional 4,258 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in Petco Health and Wellness during the 3rd quarter valued at about $76,000. Captrust Financial Advisors raised its position in Petco Health and Wellness by 51.7% during the second quarter. Captrust Financial Advisors now owns 25,991 shares of the company’s stock worth $74,000 after acquiring an additional 8,862 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Petco Health and Wellness by 12.8% in the second quarter. Sei Investments Co. now owns 26,055 shares of the company’s stock valued at $74,000 after purchasing an additional 2,951 shares in the last quarter.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.