Patrick Industries (PATK) Projected to Post Earnings on Thursday

Patrick Industries (NASDAQ:PATK - Get Free Report) will likely be releasing its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect Patrick Industries to post earnings of $0.95 per share and revenue of $959.46 million for the quarter.

Patrick Industries (NASDAQ:PATK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. Patrick Industries had a net margin of 3.72% and a return on equity of 13.25%. On average, analysts expect Patrick Industries to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Patrick Industries Stock Performance

PATK stock traded down $0.25 during midday trading on Tuesday, hitting $78.52. 500,059 shares of the stock traded hands, compared to its average volume of 347,414. The firm has a market cap of $2.63 billion, a P/E ratio of 19.06, a PEG ratio of 1.41 and a beta of 2.17. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 0.77. The stock's fifty day simple moving average is $83.72 and its 200-day simple moving average is $87.53. Patrick Industries has a 1-year low of $67.72 and a 1-year high of $98.90.

Patrick Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 2.04%. Patrick Industries's dividend payout ratio is presently 38.83%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Patrick Industries from a "hold" rating to a "sell" rating in a research report on Thursday, January 16th. Raymond James lifted their target price on shares of Patrick Industries from $99.00 to $103.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Baird R W lowered shares of Patrick Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp dropped their target price on shares of Patrick Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $96.00 price target (down from $100.00) on shares of Patrick Industries in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $96.79.

Insider Activity

In other news, Director M Scott Welch bought 2,500 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $84.62 per share, for a total transaction of $211,550.00. Following the completion of the transaction, the director now owns 2,961 shares of the company's stock, valued at approximately $250,559.82. This trade represents a 542.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stacey L. Neu sold 2,885 shares of Patrick Industries stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $85.53, for a total value of $246,754.05. Following the sale, the executive vice president now owns 18,044 shares in the company, valued at $1,543,303.32. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.70% of the company's stock.

About Patrick Industries

Patrick Industries, Inc manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products.