A number of other equities research analysts have also issued reports on PDCO. Wolfe Research upgraded shares of Patterson Companies from an underperform rating to a market perform rating in a report on Thursday, April 2nd. UBS Group boosted their target price on shares of Patterson Companies from $20.00 to $21.00 and gave the company a neutral rating in a research note on Friday, June 26th. Goldman Sachs Group upgraded Patterson Companies from a sell rating to a neutral rating and increased their target price for the company from $11.00 to $21.00 in a report on Thursday, June 25th. ValuEngine upgraded Patterson Companies from a sell rating to a hold rating in a report on Friday, May 1st. Finally, Credit Suisse Group reissued a buy rating on shares of Patterson Companies in a research note on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $22.11.
PDCO opened at $22.00 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.41 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.19 billion, a PE ratio of -3.53, a P/E/G ratio of 2.50 and a beta of 1.53. The business has a fifty day simple moving average of $18.87 and a 200-day simple moving average of $19.67. Patterson Companies has a fifty-two week low of $12.93 and a fifty-two week high of $25.70.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Wednesday, June 24th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.26. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.17 billion. Patterson Companies had a positive return on equity of 9.99% and a negative net margin of 10.72%. Patterson Companies’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. On average, equities research analysts anticipate that Patterson Companies will post 1.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, July 16th. Patterson Companies’s dividend payout ratio (DPR) is presently 67.10%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pearl River Capital LLC acquired a new position in Patterson Companies in the first quarter worth approximately $32,000. CWM Advisors LLC acquired a new position in shares of Patterson Companies during the 1st quarter worth $35,000. Acadian Asset Management LLC bought a new position in shares of Patterson Companies during the 4th quarter valued at $84,000. Point72 Hong Kong Ltd acquired a new stake in shares of Patterson Companies in the 4th quarter valued at $100,000. Finally, Advisor Group Inc. lifted its stake in shares of Patterson Companies by 129.7% in the 4th quarter. Advisor Group Inc. now owns 5,254 shares of the company’s stock valued at $108,000 after purchasing an additional 2,967 shares during the last quarter. 88.04% of the stock is owned by institutional investors and hedge funds.
About Patterson Companies
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.
See Also: Earnings Per Share (EPS)
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