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PetIQ (PETQ) Broadens Minties Line With Large Dogs Dental Treats
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PetIQ, Inc. (PETQ - Free Report) , a pet medication and wellness player, recently unveiled Minties dental treats, tailored specifically for large-sized dogs. This expansion of the Minties brand showcases PetIQ's commitment to providing affordable yet effective veterinary products across various size categories, catering to the diverse needs of pet owners.
Enhancing Dental Hygiene for Large Dogs
The introduction of Minties dental treats for dogs over fifty pounds addresses a significant market segment that often struggles to find suitable dental hygiene solutions. These treats are formulated with natural breath fresheners such as alfalfa, peppermint, parsley, fennel and dill, targeting bad breath at its source. The inclusion of these ingredients not only promotes fresh breath but also supports overall dental health by helping remove plaque and tartar.
Strategic Market Positioning
PetIQ, in this regard, noted the affordability and natural ingredients of Minties dental treats, positioning it as a superior choice for pet parents seeking to maintain their pets' dental hygiene. This strategic positioning not only enhances PetIQ's brand image but also reinforces its commitment to providing high-quality products that align with pet owners' values and preferences.
Expansion Opportunities
Minties large dental treats are currently available online and will also be available in retail locations later this year. By offering a variety of package sizes and flavors, PetIQ ensures accessibility and choice for consumers, further solidifying its position as a major player in the veterinary products and services industry.
Image Source: Zacks Investment Research
Market Prospects
Per a Grand View Research report, the global pet care market is expected to witness a CAGR of 5.1% during 2022-2030. The primary growth drivers include the rising trend of pet humanization, increased consumer spending and rising adoption of small pets. Factors like technology, cultural shifts among millennials and Generation Z, and a focus on pet health and sustainability contribute to the industry's growth. Spending more time at home during the pandemic also led to increased pet adoptions.
Share Price Performance
Over the past year, shares of PETQ have lost 16.5% against the industry’s 7.5% growth.
Estimates for DaVita’s 2024 earnings per share (EPS) have moved up from $8.46 to $8.97 in the past 30 days. Shares of the company have surged 81.9% in the past year compared with the industry’s 26.9% growth.
DVA’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 35.57%. In the last reported quarter, it delivered an earnings surprise of 22.22%.
Cardinal Health’s shares have surged 59.1% in the past year. Earnings estimates for Cardinal Health have risen from $7.17 per share to $7.28 for fiscal 2024 and from $7.94 per share to $8.03 for fiscal 2025 in the past 30 days.
CAH’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 15.6%. In the last reported quarter, it posted an earnings surprise of 16.67%.
Estimates for Stryker’s 2024 EPS have increased from $11.84 to $11.86 in the past 30 days. Shares of the company have risen 30.7% in the past year compared with the industry’s growth of 10.8%.
SYK’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 5.09%. In the last reported quarter, it delivered an earnings surprise of 5.81%.
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PetIQ (PETQ) Broadens Minties Line With Large Dogs Dental Treats
PetIQ, Inc. (PETQ - Free Report) , a pet medication and wellness player, recently unveiled Minties dental treats, tailored specifically for large-sized dogs. This expansion of the Minties brand showcases PetIQ's commitment to providing affordable yet effective veterinary products across various size categories, catering to the diverse needs of pet owners.
Enhancing Dental Hygiene for Large Dogs
The introduction of Minties dental treats for dogs over fifty pounds addresses a significant market segment that often struggles to find suitable dental hygiene solutions. These treats are formulated with natural breath fresheners such as alfalfa, peppermint, parsley, fennel and dill, targeting bad breath at its source. The inclusion of these ingredients not only promotes fresh breath but also supports overall dental health by helping remove plaque and tartar.
Strategic Market Positioning
PetIQ, in this regard, noted the affordability and natural ingredients of Minties dental treats, positioning it as a superior choice for pet parents seeking to maintain their pets' dental hygiene. This strategic positioning not only enhances PetIQ's brand image but also reinforces its commitment to providing high-quality products that align with pet owners' values and preferences.
Expansion Opportunities
Minties large dental treats are currently available online and will also be available in retail locations later this year. By offering a variety of package sizes and flavors, PetIQ ensures accessibility and choice for consumers, further solidifying its position as a major player in the veterinary products and services industry.
Image Source: Zacks Investment Research
Market Prospects
Per a Grand View Research report, the global pet care market is expected to witness a CAGR of 5.1% during 2022-2030. The primary growth drivers include the rising trend of pet humanization, increased consumer spending and rising adoption of small pets. Factors like technology, cultural shifts among millennials and Generation Z, and a focus on pet health and sustainability contribute to the industry's growth. Spending more time at home during the pandemic also led to increased pet adoptions.
Share Price Performance
Over the past year, shares of PETQ have lost 16.5% against the industry’s 7.5% growth.
Zacks Rank and Key Picks
PetIQ currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are DaVita (DVA - Free Report) , Cardinal Health (CAH - Free Report) and Stryker (SYK - Free Report) . While DaVita sports a Zacks Rank #1 (Strong Buy), Cardinal Health and Stryker carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Estimates for DaVita’s 2024 earnings per share (EPS) have moved up from $8.46 to $8.97 in the past 30 days. Shares of the company have surged 81.9% in the past year compared with the industry’s 26.9% growth.
DVA’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 35.57%. In the last reported quarter, it delivered an earnings surprise of 22.22%.
Cardinal Health’s shares have surged 59.1% in the past year. Earnings estimates for Cardinal Health have risen from $7.17 per share to $7.28 for fiscal 2024 and from $7.94 per share to $8.03 for fiscal 2025 in the past 30 days.
CAH’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 15.6%. In the last reported quarter, it posted an earnings surprise of 16.67%.
Estimates for Stryker’s 2024 EPS have increased from $11.84 to $11.86 in the past 30 days. Shares of the company have risen 30.7% in the past year compared with the industry’s growth of 10.8%.
SYK’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 5.09%. In the last reported quarter, it delivered an earnings surprise of 5.81%.