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Covetrus, Inc. (CVET)

Stock Price: $25.54 USD -0.27 (-1.05%)
Updated Oct 27, 2020 4:00 PM EDT - Market closed
After-hours: $25.66 +0.12 (0.48%) Oct 27, 5:25 PM

Stock Price Chart

Key Info

Market Cap 2.88B
Revenue (ttm) 4.12B
Net Income (ttm) -975.00M
Shares Out 112.83M
EPS (ttm) -8.78
PE Ratio n/a
Forward PE 41.67
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 27, 2020
Last Price $25.54
Previous Close $25.81
Change ($) -0.27
Change (%) -1.05%
Day's Open 25.90
Day's Range 25.43 - 26.04
Day's Volume 1,009,965
52-Week Range 4.05 - 28.77

More Stats

Market Cap 2.88B
Enterprise Value 3.59B
Earnings Date (est) Mar 9, 2021
Ex-Dividend Date n/a
Shares Outstanding 112.83M
Float 87.13M
EPS (basic) -8.73
EPS (diluted) -8.78
FCF / Share 1.03
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield 3.99%
Payout Ratio n/a
Shares Short 7.74M
Short Ratio 9.56
Short % of Float 8.88%
Beta n/a
PE Ratio n/a
Forward PE 41.67
P/FCF Ratio 25.06
PS Ratio 0.70
PB Ratio 2.69
Revenue 4.12B
Operating Income -1.01B
Net Income -975.00M
Free Cash Flow 115.00M
Net Cash -712.00M
Net Cash / Share -6.31
Gross Margin 18.19%
Operating Margin -24.46%
Profit Margin -23.70%
FCF Margin 2.79%
ROA -1.02%
ROE -51.62%
ROIC -48.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (7)

Buy 3
Overweight 1
Hold 2
Underweight 0
Sell 1

Analyst Consensus: Overweight

Price Target

$23.50*
(-7.99% downside)
Low
16.0
Current: $25.54
High
31.0
Target: 23.50
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018201720162015
Revenue3,9763,7783,5803,3532,978
Revenue Growth5.24%5.53%6.76%12.59%-
Gross Profit749684652620530
Operating Income-997137135124104
Net Income-1,01910164.0070.3060.32
Shares Outstanding10771.0071.0071.45-
Earnings Per Share-9.501.400.890.98-
EPS Growth-57.3%-9.18%--
Operating Cash Flow10315810810596.12
Capital Expenditures-39.00-21.00-20.00-12.14-9.00
Free Cash Flow64.0013788.0092.6687.12
Cash & Equivalents13023.0016.6619.71-
Total Debt1,18725.0026.7326.93-
Net Cash / Debt-1,057-2.00-10.08-7.22-
Assets3,3612,2332,2171,945-
Liabilities2,095647593544-
Book Value1,2561,4941,2571,079-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Covetrus, Inc.
Country United States
Employees 5,100
CEO Benjamin C. Wolin

Stock Information

Ticker Symbol CVET
Stock Exchange NASDAQ
Sector Healthcare
Industry Health Information Services
Unique Identifier NASDAQ: CVET

Description

Covetrus, 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, and vitamins and supplements to wholesale and retail customers. The company also offers value-added practice solutions that include financial services, equipment repair, inventory management, and e-commerce, as well as continuing education services for practitioners. In addition, it provides practice management software systems for veterinary practitioners and animal-health clinics, client communication services, reminders, data backup services, and hardware sales and support services. Further, the company engages in the distribution of finished goods pharmacy and specialty pharmaceutical compounding products, as well as e-commerce, shipping, manufacturer incentives, service fees, and data integration and support services. It serves animal-health and veterinary practices, and clinics in the companion-animal and equine markets primarily in North America, Europe, and the Asia Pacific. The company, formerly known as HS Spinco, Inc., was incorporated in 2018 and is headquartered in Portland, Maine.