Patterson Companies (PDCO) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PDCO shares.
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3 brokers have issued 1-year price objectives for Patterson Companies' stock. Their PDCO share price forecasts range from $30.00 to $40.00. On average, they predict the company's stock price to reach $35.83 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
View analysts price targets for PDCO or view top-rated stocks among Wall Street analysts.

Patterson Companies' stock was trading at $28.03 at the beginning of 2023. Since then, PDCO stock has increased by 5.5% and is now trading at $29.57.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our PDCO earnings forecast.

Patterson Companies, Inc. (NASDAQ:PDCO) issued its quarterly earnings results on Wednesday, August, 30th. The company reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. The company earned $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. Patterson Companies had a net margin of 3.28% and a trailing twelve-month return on equity of 22.24%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS.

Patterson Companies declared a quarterly dividend on Tuesday, September 12th. Stockholders of record on Friday, October 20th will be given a dividend of $0.26 per share on Friday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, October 19th.
Read our dividend analysis for PDCO.

ETFs with the largest weight of Patterson Companies (NASDAQ:PDCO) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), Small Cap US Equity Select ETF (RNSC), SPDR S&P Health Care Services ETF (XHS), JPMorgan Active Small Cap Value ETF (JPSV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and Invesco S&P MidCap Low Volatility ETF (XMLV).

Patterson Companies (NASDAQ:PDCO) pays an annual dividend of $1.04 per share and currently has a dividend yield of 3.55%. The dividend payout ratio is 47.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCO will have a dividend payout ratio of 39.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDCO.

Patterson Companies updated its FY24 earnings guidance on Wednesday, August, 30th. The company provided EPS guidance of $2.45-2.55 for the period, compared to the consensus earnings per share estimate of $2.50.

66 employees have rated Patterson Companies Chief Executive Officer Mark Walchirk on Glassdoor.com. Mark Walchirk has an approval rating of 95% among the company's employees. This puts Mark Walchirk in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson Companies investors own include AbbVie (ABBV), Gilead Sciences (GILD), AT&T (T), Cisco Systems (CSCO), Enterprise Products Partners (EPD), Henry Schein (HSIC), Abbott Laboratories (ABT), Advanced Micro Devices (AMD), Verizon Communications (VZ) and CVS Health (CVS).

Patterson Companies trades on the NASDAQ under the ticker symbol "PDCO."

Patterson Companies' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.96%), Dimensional Fund Advisors LP (4.22%), State Street Corp (3.22%), River Road Asset Management LLC (2.78%), Nordea Investment Management AB (2.47%) and Westwood Holdings Group Inc. (1.93%). Insiders that own company stock include Andrea L Frohning, Donald Zurbay, Jody H Feragen, Kevin Michael Barry, Les B Korsh and Les B Korsh.
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Shares of PDCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PDCO stock can currently be purchased for approximately $29.57.

Patterson Companies (NASDAQ:PDCO) has a market capitalization of $2.83 billion and generates $6.47 billion in revenue each year. The company earns $207.56 million in net income (profit) each year or $2.19 on an earnings per share basis.

The company employs 7,600 workers across the globe.

Patterson Companies' mailing address is 1031 MENDOTA HEIGHTS RD, ST PAUL MN, 55120. The official website for the company is www.pattersoncompanies.com. The company can be reached via phone at (651) 686-1600, via email at investor.relations@pattersoncompanies.com, or via fax at 651-686-9331.