Patterson Companies (PDCO) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last year. 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.
View PDCO analyst ratings or view top-rated stocks.

3 brokerages have issued twelve-month target prices for Patterson Companies' shares. Their PDCO share price forecasts range from $30.00 to $40.00. On average, they anticipate the company's share price to reach $35.83 in the next year. This suggests a possible upside of 21.1% 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 on January 1st, 2023. Since then, PDCO shares have increased by 5.5% and is now trading at $29.58.
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Patterson Companies saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,480,000 shares, a drop of 17.1% from the August 31st total of 4,200,000 shares. Based on an average daily trading volume, of 863,100 shares, the days-to-cover ratio is presently 4.0 days. Currently, 4.1% of the company's shares are sold short.
View Patterson Companies' Short Interest.

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) released its earnings results on Wednesday, August, 30th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. The company 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 firm's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS.

Patterson Companies declared a quarterly dividend on Tuesday, September 12th. Shareholders 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 of this dividend 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 3.52%. 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 issued an update on its FY24 earnings guidance on Wednesday, August, 30th. The company provided earnings per share (EPS) guidance of $2.45-2.55 for the period, compared to the consensus EPS 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."

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 $29.58.

Patterson Companies (NASDAQ:PDCO) has a market capitalization of $2.84 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.