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

PSQ Holdings, Inc. (NYSE:PSQH) – Equities research analysts at Roth Capital lifted their FY2024 EPS estimates for shares of PSQ in a research note issued on Wednesday, November 13th. Roth Capital analyst D. Aftahi now expects that the company will earn ($1.59) per share for the year, up from their previous 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.

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). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The firm had revenue of $6.54 million for the quarter, compared to analyst estimates of $6.52 million. During the same period in the previous year, the business posted ($0.49) EPS.

Separately, Roth Mkm lowered their price objective 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 Price Performance

Shares of PSQH stock opened at $2.01 on Monday. PSQ has a 1 year low of $2.00 and a 1 year high of $6.82. 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 firm’s 50 day moving average is $2.65 and its 200-day moving average is $3.04. The firm has a market capitalization of $63.10 million, a price-to-earnings ratio of -1.60 and a beta of 0.34.

Insider Buying and Selling

In related news, Director Kelly Lynn Loeffler purchased 1,203,704 shares of PSQ stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $2.70 per share, for a total transaction of $3,250,000.80. Following the transaction, the director now directly owns 1,203,704 shares of the company’s stock, valued at approximately $3,250,000.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 32.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC lifted its position in shares of PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,185 shares of the company’s stock after purchasing an additional 44,282 shares during the quarter. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 at the end of the most recent reporting period. Institutional investors 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.