Roth Capital Comments on PSQ’s FY2024 Earnings (NYSE:PSQH)

PSQ Holdings, Inc. (NYSE:PSQH) – Equities researchers at Roth Capital lifted their FY2024 earnings estimates for PSQ in a research note issued to investors on Wednesday, December 11th. Roth Capital analyst D. Aftahi now expects that the company will post earnings of ($1.54) per share for the year, up from their prior estimate of ($1.59). 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 ($0.34) EPS, Q1 2025 earnings at ($0.25) EPS, Q2 2025 earnings at ($0.25) EPS, Q3 2025 earnings at ($0.25) EPS, Q4 2025 earnings at ($0.24) EPS and FY2025 earnings at ($0.98) 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 report on Thursday, November 14th.

PSQ Trading Down 2.6 %

PSQH opened at $4.12 on Monday. The company has a market cap of $143.22 million, a P/E ratio of -3.27 and a beta of 0.17. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46. The company’s 50 day moving average is $3.02 and its 200-day moving average is $2.99. PSQ has a 1-year low of $2.00 and a 1-year high of $7.77.

PSQ (NYSE:PSQH) last announced its earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). The business had revenue of $6.54 million for the quarter, compared to analyst estimates 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 in the previous year, the company earned ($0.49) EPS.

Insider Activity

In other news, Director Kelly Lynn Loeffler acquired 1,203,704 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $2.70 per share, with a total value of $3,250,000.80. Following the acquisition, the director now owns 1,203,704 shares in the company, valued at $3,250,000.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders acquired 1,209,235 shares of company stock worth $3,273,465 over the last three months. 32.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

PSQ Company Profile

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.