Covetrus, Inc. (CVET)

NASDAQ: CVET · IEX Real-Time Price · USD
17.27
-0.76 (-4.22%)
May 18, 2022 4:00 PM EDT - Market closed
Market Cap2.41B
Revenue (ttm)4.62B
Net Income (ttm)-40.00M
Shares Out139.41M
EPS (ttm)-0.39
PE Ration/a
Forward PE15.55
Dividendn/a
Ex-Dividend Daten/a
Volume2,233,262
Open17.74
Previous Close18.03
Day's Range16.75 - 18.01
52-Week Range13.39 - 29.02
Beta2.01
AnalystsBuy
Price Target22.85 (+32.3%)
Earnings DateMay 5, 2022

About CVET

Covetrus, Inc., together with its subsidiaries, operates as an animal-health technology and services company. It engages in the sale of animal-health consumable products, including proprietary and Covetrus branded products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products, parasiticides, and vitamins and supplements to wholesale and retail customers. The company also offers value-added solutions, such a...

IndustryHealth Care Providers & Services
Employees4,035
Stock ExchangeNASDAQ
Ticker SymbolCVET
Full Company Profile

Financial Performance

In 2021, Covetrus's revenue was $4.58 billion, an increase of 5.44% compared to the previous year's $4.34 billion. Losses were -$54.00 million, 184.2% more than in 2020.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for CVET stock is "Buy." The 12-month stock price forecast is 22.85, which is an increase of 32.31% from the latest price.

Price Target
$22.85
(32.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Covetrus (CVET) Q1 Earnings Surpass Estimates

Covetrus (CVET) delivered earnings and revenue surprises of 8.70% and 0.32%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Covetrus Announces Financial Results for First Quarter of 2022

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET #earnings--Covetrus Announces Financial Results for First Quarter of 2022

1 week ago - Business Wire

Covetrus Introduces Innovative Cloud-Based Practice Management Software for Veterinarians in the United Kingdom, EMEA...

EDINBURGH, Scotland--(BUSINESS WIRE)--Animal health and technology services company, Covetrus, introduces new cloud-based technology for veterinarians in the UK, EMEA and Asia Pacific.

1 week ago - Business Wire

Covetrus Announces First Quarter 2022 Earnings Release Date and Conference Call Information

PORTLAND, Maine--(BUSINESS WIRE)--Covetrus will release first quarter 2022 results after the market closes on Thursday, May 5, 2022

2 weeks ago - Business Wire

Covetrus Names Matthew Salois President of Veterinary Study Groups (VSG)

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET--Covetrus names Matthew Salois, former Chief Economist at the AVMA, President of Veterinary Study Groups (VSG).

2 months ago - Business Wire

Covetrus (CVET) Q4 Earnings Surpass Estimates

Covetrus (CVET) delivered earnings and revenue surprises of 4% and 1.40%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Covetrus Announces Financial Results for Fourth Quarter and Full-Year of 2021

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET #earnings--Covetrus reported financial results for the fourth quarter and full-year 2021, which ended December 31, 2021.

2 months ago - Business Wire

Covetrus Announces Fourth Quarter and Full-Year 2021 Earnings Release Date and Conference Call Information

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET #earnings--Covetrus will release fourth quarter and full-year 2021 results after the market closes on Thursday, February 24, 2022.

3 months ago - Business Wire

Covetrus Taps César França as President, Global Proprietary Brands

PORTLAND, Maine--(BUSINESS WIRE)--Covetrus Appoints New President Global Proprietary Brands.

3 months ago - Business Wire

Covetrus Unveils Industry-First Veterinary Operating System

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET--Animal health and technology services company, Covetrus, announces industry-first veterinary operating system Covetrus Pulse™.

4 months ago - Business Wire

Covetrus to Present at the 40th Annual J.P. Morgan Healthcare Conference

PORTLAND, Maine--(BUSINESS WIRE)-- #animalhealth--Animal-health technology and services company, Covetrus, to participate in the 40th Annual J.P. Morgan Healthcare Conference.

4 months ago - Business Wire

Covetrus Announces New Structure, Focus and Strength within Europe

PORTLAND, Maine--(BUSINESS WIRE)-- #CVET--Covetrus® (Nasdaq: CVET), a global leader in animal-health technology and services, today announced a new organizational structure within Northern and Central E...

4 months ago - Business Wire

Covetrus (CVET) Matches Q3 Earnings Estimates

Covetrus (CVET) delivered earnings and revenue surprises of 0.00% and -0.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Covetrus: Q3 Earnings Insights

Covetrus (NASDAQ:CVET) reported its Q3 earnings results on Thursday, November 4, 2021 at 04:00 PM. Here's what investors need to know about the announcement.

6 months ago - Benzinga

Covetrus Announces Financial Results for Third Quarter of 2021

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET #earnings--Covetrus Announces Financial Results for Third Quarter of 2021

6 months ago - Business Wire

Covetrus (CVET) Reports Next Week: What to Know Ahead of the Release

Covetrus (CVET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

Covetrus Announces Third Quarter 2021 Earnings Release Date and Conference Call Information

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET #earnings--Covetrus will release Q3 2021 results after the market close on Thursday, November 4, 2021 and the company will hold a conference call at 4:30 PM ET.

6 months ago - Business Wire

Covetrus (CVET) Reports Q2 Loss, Tops Revenue Estimates

Covetrus (CVET) delivered earnings and revenue surprises of -213.04% and 7.10%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Covetrus Announces Financial Results for Second Quarter of 2021

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET--Covetrus Announces Financial Results for Second Quarter of 2021

9 months ago - Business Wire

Covetrus Issues Inaugural Environmental, Social and Governance (ESG) Report

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET--Covetrus Issues Inaugural Environmental, Social and Governance (ESG) Report

9 months ago - Business Wire

Covetrus Announces $120K in Scholarships to Support Diversity in Veterinary Sector

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET--Covetrus Announces $120K in Scholarships to Support Diversity in Veterinary Sector

9 months ago - Business Wire

Covetrus Announces Second Quarter 2021 Earnings Release Date and Conference Call Information

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET--Covetrus Announces Second Quarter 2021 Earnings Release Date and Conference Call Information

9 months ago - Business Wire

Covetrus Appoints New Chief Accounting Officer

PORTLAND, Maine--(BUSINESS WIRE)---- $CVET--Covetrus Appoints New Chief Accounting Officer

9 months ago - Business Wire

Covetrus to Acquire VCP, Market-Leading Veterinary Wellness Platform

PORTLAND, Maine & IRVINE, Calif.--(BUSINESS WIRE)---- $CVET--Covetrus has entered into a definitive agreement to acquire VCP, a market-leading platform in veterinary wellness plan administration.

10 months ago - Business Wire

Covetrus (CVET) Upgraded to Buy: Here's What You Should Know

Covetrus (CVET) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

10 months ago - Zacks Investment Research