World News – AU – PetMed Express, Inc (NASDAQ: PETS) Just Released Second Quarter Results: Have Analysts Changed Their Minds On The Stock?

0
14

Last week saw the latest release of second quarter results from PetMed Express, Inc (NASDAQ: PETS), a milestone in the company’s journey to building a stronger business PetMed Express has missed revenue estimates by 21%, with sales of US $ 75 million, although statutory earnings per share (EPS) of US $ 042 exceeded expectations, by 5 points0% ahead of estimates. analysts Analysts usually update their forecasts with each earnings report, and we can judge from their estimates whether their view of the company has changed or whether there are new concerns to consider. So we’ve put together the latest post-earnings forecast to see what the estimates suggest for next year

Following Last Week’s Earnings Report, Two PetMed Express Analysts Project 2021 Revenue of $ 3095m, roughly in line with last 12 months Earnings per share is expected to accumulate 59% to $ 159 In preparing for this report, analysts modeled revenues of $ 313 million and earnings per share (EPS) of $ 1 USD52 in 2021 Analysts appear to have become more bullish on activity, judging by their new earnings per share estimates

The consensus price target remained unchanged at US00 $ 33, implying that improved earnings prospects should not have a long-term impact on creating shareholder value

Now looking at the big picture, one of the ways to make sense of these forecasts is to see how they stack up against both past performance and industry growth estimates. We would like to point out that PetMed Express revenue growth is expected to slow, with forecast 1 2% increase next year well below historic 5 4% growth over the past five years By comparison, other companies in this sector covered by analysts should increase their turnover by 18% per year Given the expected slowdown in growth, it seems clear that PetMed Express is also expected to grow more slowly than other players in the industry.

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a marked improvement in sentiment regarding PetMed Express’s earnings potential next year On the positive side, there is no had no major changes in income estimates; although forecasts suggest that revenues will be worse than those of the industry in general There has been no real change in the consensus price target, which suggests that the intrinsic value of the company is has not undergone major changes with the latest estimates

That said, the company’s long-term earnings trajectory is much bigger than next year We have analyst estimates for PetMed Express through 2023, and you can view them for free on our platform. here

And what about the risks? Every business has them, and we’ve spotted 1 warning sign for PetMed Express you should know

This Simply Wall St article is general in nature It does not constitute a recommendation to buy or sell shares, and does not take into account your goals or your financial situation We aim to provide you with a focused analysis long term based on fundamental data Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative information Simply Wall St does not have any position in the mentioned stocks Do you have any comments on this article? Concerned about the content? Contact us directly You can also send an email to the editorial team @ Simplywallstcom

Shares of Twitter fell to $ 46.95 in aftermarket trading The San Francisco-based social media company said it had 187 million monetizable daily active users (mDAUs) in the third quarter, missing the consensus analysts’ expectations of 1952 million users, according to IBES data from Refinitiv Costs and expenses rose 13% from the same period last year to $ 880 million as the company said it had spent more on infrastructure spending

Shares of United Parcel Service, Inc (NYSE: UPS) were not affected after the company said it was the limited company Fox News, Fox News host Tucker Carlson called for losing what he said was a politically sensitive package What happened: Carlson said on his daily show « Tucker Carlson Tonight » on Wednesday that his New York office was in possession of « a collection of documents Confidential Biden Family Confidential ”Carlson was in Los Angeles at the time to film an interview with Tony Bobulinski, a former business partner of Hunter Biden, son of Democratic presidential candidate Joe BidenCarlson has instructed his office to send the documents he described as « genuine » and potentially « damaging » to the Biden campaign The documents were dropped off at a retail store of a « major national carrier » , did he declare Carlson did not elaborate on what the documents are Related Link: How the 2020 Presidential Election Could Impact Healthcare Inventories UPS Problem Statement: Carlson Did Not Name The Company During His Show But Glenn Zaccara, UPS corporate media relations director, told Business Insider that UPS is the limited company »UPS is urgently investigating this matter and regrets the package was damaged, » the company told Business Insider »The integrity of our network and the safety of our customers’ cargo is of the utmost importance. We will remain in direct and frequent contact with Fox News as we learn more from our investigation.To UPS’s credit, Carlson said the company ‘went way beyond’ but ‘found nothing’ « Tonight the company has no idea – or even working theory – of what who arrived at this treasure trove of documents, documents directly relevant to the presidential campaign in just six days, « the Fox News host told me. Photo of Jimhenderson via Wikimedia See more from Benzinga * Click here for transactions from Benzinga options * Molson Coors stock rises after big third quarter beating * Grocery store prices are cause for concern as coronavirus cases rise (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

Google’s parent company Alphabet Inc returned to sales growth in the third quarter, as companies initially hampered by the coronavirus pandemic resumed advertising with the Internet’s largest ad provider, a the tech giant said on Thursday Alphabet shares rose 73% after regular trading ended at $ 1,556.88 Wall Street expected Alphabet to rebound because the company said in July that spending on advertisers retreated slightly after falling in March due to lockouts

ITEP data disaggregated impact by state Population has major impact on overall total tax increases

Activision Blizzard dashed analysts’ expectations in Q3 thanks to continued strength of its’ Call of Duty ‘franchise

Before opening a retirement account, you should know the disadvantages of Roth IRAs Income limits are a disadvantage Find out the disadvantages of Roth IRAs

Nio announced key production milestone as Morgan Stanley grew more bullish on electric car maker Stocks soared

Exxon maintains stable annual dividend for the first time in nearly 40 years as further losses mount

« I don’t pay the bills, which got me thinking about staying with him for convenience, but at what cost mentally? »

America heads to the polls on Tuesday (well, in fact, America has been voting early for a few weeks now), and while Democrat Joe Biden has a solid lead in the polls, there is evidence that President Trump could win yet another second term Finally, with all the early votes, mass mail-in votes and extended count times possible, we might not know Tuesday night who’s the winnerIt’s a situation of uncertainty and financial markets don’t like it What brings us to dividend-paying stocks Investors want a buffer, something to protect their portfolio if the market goes down, and dividends deliver exactly what This These shareholder incentive payments provide a steady stream of income, which generally remains reliable even in a modest downturn Wall Street analysts did some of the groundwork for us, identifying dividend paying stocks that have maintained high returns, at least 8% to be exact. By opening the TipRanks database, we take a look at the details of these payouts to find out what makes these stocks worthwhile.Altria Group, Inc (MO) We’ll start with Altria Group, the tobacco maker best known for its iconic Marlboro cigarettes Altria, like many so-called “sinister stocks”, is one of the market champions when it comes to dividends, with a long history of reliable, high-yielding payments The company took advantage of a psychological quirk of human nature in a year as crazy as 2020: people will curl up when necessary, but they won’t give up Cigarettes are just that, and although overall smoking rates have declined in recent years, Altria has delivered stable financial results in recent quarters. Q1 and Q2 both showed $ 1.09 in profit, well above the 97 cents expected in Q1 and a slight beating from the $ 1 in Q206 forecast Revenue hit $ 5.06 billion in Q2, in line with both Previous quarters Looking ahead, analysts expect Altria to post $ 1.15 per share in earnings on $ 5 billion in revenue when Q3 earnings release This report is due out tomorrow morning. these results will help Altria maintain its dividend – although the company has a long-standing commitment, very publicly, to doing so Altria has maintained its reliable dividend for the past 12 years, and for the last payment, made in September, the company even slightly increased the payment by 24% The current dividend is 86 cents per common share, or $ 3.44 annualized, and gives an impressive 88% Looking at Altria ahead of the third quarter report, Deutsche Bank analyst Stephen Powers writes: “[We] are positively biased by the fundamentals of the company as we approach the results of MO la next week – bolstered by healthy scanned channel demand within the quarter in MO’s core tobacco businesses, with particular strength in cigarettes driven by the Marlboro brand… we believe continued operational execution at its core of trade will allow MO to position itself more credibly as a stable basic investment in tobacco… ”Powers assesses the action as a purchase and its objective of $ 51 price implies a 37% hike for the coming year (To see Powers track record, click here) Overall, Altria has an analyst consensus moderate buy rating, based on 3 buys and 2 holdings in the last few weeks Current share price is $ 3704, and the average price target of $ 46 suggests a 24% increase over one year (See MO stock market analysis on TipRanks) American Finance Trust (AFIN) Next on our list is a Real Estate Investment Trust, a REIT These companies are known for their high dividends, a fact resulting from a quirk of tax regulations REITs are required to return a certain percentage of profits directly to shareholders, and dividends are one of the most secure ways to comply AFIN, which focuses its portfolio on single-tenant and multi-tenant service retail properties, is typical of its niche And its niche has been strong L  » In order to account for companies like Home Depot, Lowe’s and Dollar General among its top ten tenants, and announced earlier this month that it had collected more than 91% of its third quarter rents Looking ahead to Q3 results next week, EPS is expected at 23 cents, a 15% increase from Q2 The company offers a monthly dividend, at the rate of 71 cents per common share, instead of the more quarterly payments current The monthly format allows for flexibility in managing payment rate adjustments; in April, AFIN reduced the dividend from 9 cents to 7 cents1 as part of efforts to manage the effects of the corona crisis on businesses The current payout is annualized to 852 cents per share, giving a robust 147% This is over 7 times higher than the average dividend yield seen among S&P 500B companies Riley analyst Bryan Maher notes the difficulties AFIN has faced, as a property owner and manager during economic downturn, but is confident in the company’s ability to meet the challenges“Like most REITs, AFIN has been impacted by the COVID-19 pandemic, which is not surprising given that its portfolio includes a large number of service retail assets. However, 71% of the portfolio is made up of necessity-driven retail outlets, the rest being distribution and office buildings As such, AFIN collected 84% of cash rents due in 2Q20, of which 96% of cash rents due to its first 20 tenants Cash rent collection for July increased to 88% AFIN has been working proactively with some tenants to negotiate deferments / rent credits… ”noted Maher To this end, Maher rates the AFIN stock at a buy and gives it a target price of $ 10 At current trading levels, this implies a strong potential for a 76% one-year upside (To view Maher’s balance sheet, click here) AFIN is priced at $ 5.69, and its average target matches Maher’s, at $ 10.The stock has an analyst consensus moderate buy, based on an even split between buy and hold reviews (See the AFIN stock market analysis on TipRanks) Golub Capital BDC (GBDC) The last m but not the least is Golub Capital, a business development company and asset manager Golub works with mid-market companies, providing financing and lending solutions The company has a market capitalization of $ 2 billion, as well as over $ 30 billion in capital under management In the months following the corona virus crisis that hit the economy, Golub has seen depressed stock prices and high earnings volatility The stock is down 28% year-to-date Profits, which slumped in 4Q19, rebounded in 2020 First quarter showed 33 cents per share, while second quarter figure was 28 cents Looking ahead, forecast expect second quarter EPS to repeat at 28 cents Revenue has been equally volatile; first quarter saw deep net loss, but second quarter saw revenue rebound to $ 145 million This is the highest quarterly revenue for the past year Golub believes in maintaining the dividend for investors, by offering not only a reliable regular payout, but also periodic special dividends The company adjusted the payout earlier this year, both to keep it affordable during the coronavirus crisis and to prevent the yield from becoming too high The result was a reduction of 12%, making the current payment of 29 cents per common share quarterly.This still gives a high return of 916%, which compares well to the 25% on average among peers in the financial industry. ‘Shea, of Well Fargo, notes that Golub recently announced a $ 2 billion unsecured debt problem, a move that gives the company plenty of cash in a tough time. He writes: « GBDC doesn’t pay a high premium for initially unsecured We believe that the improved flexibility and longer duration of unsecured makes them an attractive addition to the right side of the balance sheet, and see it as a vote of confidence in the underlying portfolio of GBDC « O’Shea reiterates his overweight (jee Buy) Note on this stock His target price, at $ 13.50, indicates a modest margin of improvement of 6% (To look at O’Shea’s track record, click here) As AFIN above, Golub Capital has an n Moderate buy consensus ote, with 1 buy and hold notice of each The average share price target matches that of O’Shea, at $ 13.50 (See Golub’s stock analysis on TipRanks) To find great ideas for trading dividend-paying stocks at attractive valuations, visit the Best Stocks to Buy from TipRanks, a newly launched tool that brings together all the information about TipRanks stocks Disclaimer: Opinions Expressed In This Article are only those of featured analysts The content is intended to be used for informational purposes only It is very important to do your own analysis before making any investment

Japan’s largest automaker said on Wednesday it was adding another 152 million US vehicles to the recall that was first announced in January and covers many models built between July 2017 and September Toyota said that vehicles with a fuel pump may stop working and cause the vehicle to stall, and the vehicle may not be able to be restarted Dealerships will replace the fuel pump with an upgraded version

The tech giant has established itself as one of the biggest beneficiaries of the coronavirus pandemic

Former Vice President Biden has a detailed proposal to raise taxes for people with taxable income above $ 400,000, essentially targeting the richest 1% President Trump wants to maintain the tax cuts that took effect in 2018, which have largely benefited high earners

If he was still alive, John Kennedy Toole would surely admire the media coverage on Exxon Mobil Going into yesterday’s dividend announcement, the CoD appeared to miss the fact that Exxon had maintained its dividend in its April announcement, which is typically the time of year when Exxon sets its dividend rate for the next four payments You could spin yesterday’s announcement negatively, as Reuters and many others have done, and note that Exxon was not increasing its dividend in 2020 (you should have realized this in April) Or you could say « holy * # $ * » this company will ALWAYS pay a dividend that produces a return north of 10%

Whether AT&T can extend its round of dividend hikes is subject to debate among market watchers But the telecoms and media company said the quarterly payment was a priority and had the financial means to maintain it

My question is, can I retire before that and be able to live off my rental income? If you manage your property as « passive » income, you are not contributing to Social Security, which will affect you later when claiming benefits.

Third quarter revenue was negative at $ 337 million, a rare event for a S&P 500 company as it reversed previously recorded revenue on refunds and cancellations “It’s been almost 7 months since we shut down our operations cruising, and every day has been extremely frustrating and difficult on so many levels, ”CEO Richard Fain told analysts To resume operations and stem the losses, the company and its counterpart Norwegian Cruise Line have submitted their recommendations, detailing health protocols, to the US Centers for Disaster Control and Prevention

The parent of Google Alphabet to release its third quarter 2020 results after the closing bell on Thursday, offering better insight into the effect of the coronavirus pandemic on digital advertising

Here’s another price hike for Netflix customers in the US: The streaming giant is increasing the price of the standard two-stream HD package, its most popular package, by about 8% – from $ 12.99 per month to $ 13.99 In addition, Netflix’s Premium Tier (with four streams and including 4K Ultra HD content) will […]

NASDAQ, NASDAQ: PETS, 1-800-PetMeds, Revenues

World News – AU – PetMed Express, Inc (NASDAQ: PETS) Just Released Second Quarter Results : Have analysts changed their minds on the stock?
Related Title :
PetMed Express, Inc (NASDAQ: PETS) Just released second quarter results: have analysts changed their minds
Here’s What Analysts Are Forecasting For PetMed Express, Inc (NASDAQ: PETS) After Its Results second trimester



SOURCE: https://www.w24news.com/news/world-news-au-petmed-express-inc-nasdaq-pets-just-released-second-quarter-results-have-analysts-changed-their-minds-on-the-stock/?remotepost=483576

QU’EN PENSEZ-VOUS?

Donnez votre point de vue et aboonez-vous!

[gs-fb-comments]

[comment-form]

Votre point de vue compte, donnez votre avis

[maxbutton id= »1″]