What is Cormark's Estimate for Pet Valu FY2026 Earnings?

Key Points

• Cormark has raised its FY2026 earnings estimate for Pet Valu Holdings Ltd. to $1.78 per share, up from a prior estimate of $1.67, while maintaining a "Moderate Buy" rating on the stock.
• Several analysts, including Desjardins and Raymond James Financial, have increased their price targets for Pet Valu, with consensus expectations now averaging around C$40.22 per share.
• Pet Valu has also announced an increase in its quarterly dividend from $0.11 to $0.12, resulting in an annualized yield of 1.3% and reflecting a payout ratio of 36.27%.

Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Research analysts at Cormark lifted their FY2026 earnings estimates for shares of Pet Valu in a research report issued to clients and investors on Wednesday, August 6th. Cormark analyst K. Mcphee now expects that the company will earn $1.78 per share for the year, up from their previous forecast of $1.67. Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share.

Other research analysts have also issued reports about the company. Desjardins upped their price target on Pet Valu from C$38.00 to C$41.00 and gave the stock a "buy" rating in a report on Wednesday. Raymond James Financial increased their price objective on Pet Valu from C$36.00 to C$40.00 and gave the stock an "outperform" rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective on Pet Valu from C$33.00 to C$40.00 and gave the company a "buy" rating in a research report on Wednesday. Barclays raised their price target on Pet Valu from C$32.00 to C$41.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Stifel Canada raised shares of Pet Valu from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Pet Valu has an average rating of "Buy" and a consensus target price of C$40.22.

Pet Valu Price Performance

PET traded up C$0.07 on Friday, hitting C$36.37. The company had a trading volume of 21,076 shares, compared to its average volume of 106,668. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$36.86. The company's fifty day moving average price is C$33.05 and its 200 day moving average price is C$28.66. The stock has a market cap of C$2.59 billion, a price-to-earnings ratio of 29.98 and a beta of 0.81.

Pet Valu Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were given a $0.12 dividend. This is a boost from Pet Valu's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. Pet Valu's payout ratio is 36.27%.

About Pet Valu

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.

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