Patterson Companies Stock Price, News & Analysis (NASDAQ:PDCO)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PDCO shares.
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2 brokers have issued 12-month price objectives for Patterson Companies' shares. Their PDCO share price targets range from $32.00 to $40.00. On average, they expect the company's stock price to reach $35.60 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
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Patterson Companies' stock was trading at $28.03 at the beginning of the year. Since then, PDCO shares have increased by 12.1% and is now trading at $31.43.
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Patterson Companies saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,210,000 shares, an increase of 18.5% from the October 31st total of 2,710,000 shares. Based on an average daily trading volume, of 960,300 shares, the short-interest ratio is presently 3.3 days. Approximately 3.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our PDCO earnings forecast.

Patterson Companies will be holding an earnings conference call on Wednesday, November 29th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-770-2030 with passcode "71954".

Patterson Companies, Inc. (NASDAQ:PDCO) announced its quarterly earnings results on Wednesday, August, 30th. The company reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share.

Patterson Companies declared a quarterly dividend on Tuesday, September 12th. Stockholders of record on Friday, October 20th will be paid a dividend of $0.26 per share on Friday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, October 19th.
Read our dividend analysis for PDCO.

Patterson Companies (NASDAQ:PDCO) pays an annual dividend of $1.04 per share and currently has a dividend yield of 3.20%. 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 38.95% next year. This indicates that the company will be able to sustain or increase its dividend.
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 issued an update on its FY24 earnings guidance on Wednesday, August, 30th. The company provided earnings per share 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' stock is owned by a number of institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (2.81%), Morgan Stanley (2.18%), Nordea Investment Management AB (2.16%), Allspring Global Investments Holdings LLC (1.74%), Northern Trust Corp (1.51%) and Bank of New York Mellon Corp (1.46%). Insiders that own company stock include Andrea L Frohning, Donald Zurbay, Jody H Feragen, Kevin Michael Barry, Les B Korsh, Les B Korsh and Timothy E Rogan.
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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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