Roth Capital Issues Optimistic Estimate for PSQ Earnings

PSQ Holdings, Inc. (NYSE:PSQH) – Equities research analysts at Roth Capital boosted their FY2024 EPS estimates for shares of PSQ in a research report issued to clients and investors on Wednesday, November 13th. Roth Capital analyst D. Aftahi now expects that the company will post earnings of ($1.59) per share for the year, up from their prior estimate of ($1.62). The consensus estimate for PSQ’s current full-year earnings is ($1.59) per share. Roth Capital also issued estimates for PSQ’s Q4 2024 earnings at ($0.38) EPS, Q1 2025 earnings at ($0.30) EPS, Q2 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.30) EPS, Q4 2025 earnings at ($0.28) EPS and FY2025 earnings at ($1.17) EPS.

Separately, Roth Mkm lowered their target price on PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, November 14th.

PSQ Stock Performance

Shares of NYSE PSQH opened at $2.28 on Monday. The stock has a market cap of $71.57 million, a price-to-earnings ratio of -1.81 and a beta of 0.34. The stock’s 50-day moving average is $2.64 and its 200 day moving average is $3.03. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46. PSQ has a 1-year low of $2.00 and a 1-year high of $6.82.

PSQ (NYSE:PSQH) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The company had revenue of $6.54 million during the quarter, compared to the consensus estimate of $6.52 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. During the same quarter last year, the company posted ($0.49) earnings per share.

Insider Buying and Selling at PSQ

In related news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $2.70 per share, with a total value of $3,250,000.80. Following the completion of the purchase, the director now owns 1,203,704 shares in the company, valued at approximately $3,250,000.80. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 32.11% of the company’s stock.

Institutional Investors Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC increased its position in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,185 shares of the company’s stock after acquiring an additional 44,282 shares during the period. Geode Capital Management LLC owned about 0.63% of PSQ worth $490,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 17.32% of the company’s stock.

About PSQ

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.