What is Roth Capital's Estimate for PATK FY2025 Earnings?

Key Points

• Roth Capital has lowered its earnings estimate for Patrick Industries' FY2025 from $4.43 to $4.23 per share, while the current consensus estimate remains at $5.33 per share.
• In its latest quarterly report, Patrick Industries exceeded analyst expectations by reporting earnings of $1.50 per share, with revenues reaching $1.05 billion, marking a 3.0% year-over-year increase.
• Several analysts have recently raised their price targets for Patrick Industries, with ratings indicating a general sentiment of a "Moderate Buy" and an average target price of $101.25.

Patrick Industries, Inc. (NASDAQ:PATK - Free Report) - Investment analysts at Roth Capital dropped their FY2025 earnings estimates for shares of Patrick Industries in a research note issued to investors on Friday, August 1st. Roth Capital analyst S. Stember now anticipates that the construction company will post earnings per share of $4.23 for the year, down from their previous forecast of $4.43. The consensus estimate for Patrick Industries' current full-year earnings is $5.33 per share. Roth Capital also issued estimates for Patrick Industries' Q4 2026 earnings at $1.03 EPS.

Several other analysts have also issued reports on PATK. Benchmark boosted their price objective on shares of Patrick Industries from $102.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 1st. Raymond James Financial upped their target price on shares of Patrick Industries from $95.00 to $109.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. BMO Capital Markets upped their price target on Patrick Industries from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Wall Street Zen raised Patrick Industries from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Truist Financial upped their price target on Patrick Industries from $100.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $104.86.

Patrick Industries Price Performance

PATK traded down $1.56 on Monday, hitting $100.94. 69,909 shares of the company's stock were exchanged, compared to its average volume of 356,947. Patrick Industries has a fifty-two week low of $72.99 and a fifty-two week high of $103.99. The company has a current ratio of 1.96, a quick ratio of 0.75 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $94.57 and a 200-day moving average price of $89.58. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 1.49 and a beta of 1.23.

Patrick Industries (NASDAQ:PATK - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. Patrick Industries had a net margin of 3.30% and a return on equity of 13.04%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm earned $2.16 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis.

Institutional Investors Weigh In On Patrick Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of PATK. Commonwealth Equity Services LLC increased its holdings in Patrick Industries by 26.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,602 shares of the construction company's stock valued at $299,000 after purchasing an additional 763 shares in the last quarter. LPL Financial LLC raised its stake in shares of Patrick Industries by 95.9% in the 4th quarter. LPL Financial LLC now owns 15,942 shares of the construction company's stock valued at $1,325,000 after purchasing an additional 7,806 shares during the period. Vanguard Group Inc. increased its position in shares of Patrick Industries by 49.3% in the fourth quarter. Vanguard Group Inc. now owns 2,326,262 shares of the construction company's stock valued at $193,266,000 after acquiring an additional 768,102 shares during the last quarter. Norges Bank bought a new position in Patrick Industries during the fourth quarter worth about $7,478,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Patrick Industries by 50.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,649 shares of the construction company's stock worth $303,000 after acquiring an additional 1,216 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John A. Forbes sold 2,875 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $91.62, for a total transaction of $263,407.50. Following the completion of the sale, the director owned 52,591 shares in the company, valued at $4,818,387.42. This represents a 5.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Todd M. Cleveland purchased 1,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average cost of $82.75 per share, with a total value of $82,750.00. Following the acquisition, the director owned 133,286 shares in the company, valued at approximately $11,029,416.50. This represents a 0.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 14,071 shares of company stock worth $1,205,964 over the last ninety days. 4.40% of the stock is owned by insiders.

Patrick Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.6%. Patrick Industries's payout ratio is 43.36%.

Patrick Industries Company Profile

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.