Jefferies Group Comments on PetIQ, Inc.’s FY2017 Earnings (PETQ)

PetIQ, Inc. (NASDAQ:PETQ) – Equities research analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of PetIQ in a research report issued on Monday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings per share of $0.76 for the year, up from their prior estimate of $0.72. Jefferies Group has a “Hold” rating and a $26.00 price objective on the stock.

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PETQ has been the topic of several other reports. CIBC started coverage on PetIQ in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $28.00 price target on the stock. Raymond James Financial, Inc. started coverage on PetIQ in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $26.00 price target on the stock. William Blair started coverage on PetIQ in a research report on Tuesday, August 15th. They issued an “outperform” rating on the stock. SunTrust Banks, Inc. assumed coverage on PetIQ in a research report on Tuesday, August 15th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. assumed coverage on PetIQ in a research report on Tuesday, August 15th. They set an “outperform” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $27.20.

Shares of PetIQ (NASDAQ:PETQ) opened at $19.70 on Thursday. PetIQ has a 1 year low of $18.92 and a 1 year high of $28.23. The company has a current ratio of 4.24, a quick ratio of 1.96 and a debt-to-equity ratio of 0.64.

A number of hedge funds have recently added to or reduced their stakes in PETQ. American International Group Inc. acquired a new stake in PetIQ during the third quarter worth about $131,000. Wells Fargo & Company MN acquired a new stake in PetIQ during the third quarter worth about $204,000. New York State Common Retirement Fund acquired a new stake in PetIQ during the third quarter worth about $448,000. Russell Investments Group Ltd. acquired a new stake in PetIQ during the third quarter worth about $520,000. Finally, Bank of New York Mellon Corp acquired a new stake in PetIQ during the third quarter worth about $1,200,000. 1.46% of the stock is currently owned by institutional investors and hedge funds.

PetIQ Company Profile

PetIQ, Inc is engaged in manufacturing and distributing pet medication and health and wellness products to the retail channel in the United States. The Company provides retail stores with third-party brands, including Frontline Plus, Heartgard Plus, PetAction Plus, Advecta II, Pet Lock Plus, Pet Lock Max, TruProfen and Heartshield.

Earnings History and Estimates for PetIQ (NASDAQ:PETQ)

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