Pets at Home Group (PETS) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS
Pets at Home Group (LON:PETS) announced its earnings results on Tuesday. The company reported GBX 6.70 ($0.09) EPS for the quarter, topping the consensus estimate of GBX 6.60 ($0.09) by GBX 0.10 ($0.00), Bloomberg Earnings reports. Pets at Home Group had a net margin of 9.97% and a return on equity of 9.78%. The company had revenue of GBX 4,680.10 billion during the quarter.
Pets at Home Group (PETS) traded up GBX 4.20 ($0.06) during mid-day trading on Thursday, hitting GBX 174.20 ($2.33). 5,108,516 shares of the company traded hands, compared to its average volume of 1,520,000. Pets at Home Group has a twelve month low of GBX 154.10 ($2.06) and a twelve month high of GBX 246.30 ($3.30).
Several research analysts have commented on PETS shares. Beaufort Securities reiterated a “buy” rating on shares of Pets at Home Group in a report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 172 ($2.30) target price on shares of Pets at Home Group in a report on Thursday. Liberum Capital reiterated a “sell” rating and issued a GBX 145 ($1.94) target price on shares of Pets at Home Group in a report on Wednesday, August 30th. Shore Capital reiterated a “buy” rating on shares of Pets at Home Group in a report on Tuesday, October 10th. Finally, Berenberg Bank upgraded shares of Pets at Home Group to a “buy” rating and raised their target price for the stock from GBX 180 ($2.41) to GBX 230 ($3.08) in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 195.71 ($2.62).
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About Pets at Home Group
Pets at Home Group Plc is a United Kingdom-based holding company. The Company is a retailer of pet food, pet products and pet-related services. The Company is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away. The Company has a format, dog focused high street store called Barkers, which offers premium products and services targeted at highly engaged dog owners.
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