Petsmart (PETM) Updates Q1 Earnings Guidance
Petsmart (PETM) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.92-0.98 for the period, compared to the Thomson Reuters consensus estimate of $0.94. Petsmart also updated its FY14 guidance to $3.76-3.92 EPS.
A number of research firms have also recently commented on PETM. Analysts at Johnson Rice downgraded shares of Petsmart from an overweight rating to an equal weight rating in a research note to investors on Monday, February 25th. On a related note, analysts at Bank of America set a $85.00 price target on shares of Petsmart in a research note to investors on Monday, February 4th. Finally, analysts at Bank of America reiterated a buy rating on shares of Petsmart in a research note to investors on Monday, February 4th.
Petsmart (PETM) traded up 0.93% on Wednesday, hitting $66.55. Petsmart (PETM) has a 52-week low of $54.20 and a 52-week high of $72.75. The stock’s 50-day moving average is currently $65.85. The company has a market cap of $7.152 billion and a price-to-earnings ratio of 20.44.
Petsmart last released its earnings data on Wednesday, March 6th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Petsmart has set its Q1 guidance at $0.92-0.98 EPS and its FY14 guidance at $3.76-3.92 EPS. Analysts expect that Petsmart (PETM) will post $3.53 EPS for the current fiscal year.
PetSmart, Inc. supplies products, services and solutions for the lifetime needs of pets. The Company operates a website for pet supplies, foods and different animal needs.
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