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

$25.28
-0.73 (-2.81%)
(As of 03:34 PM ET)
Compare
Today's Range
$25.00
$26.11
50-Day Range
$26.01
$32.55
52-Week Range
$25.00
$34.53
Volume
1.49 million shs
Average Volume
829,359 shs
Market Capitalization
$2.42 billion
P/E Ratio
11.54
Dividend Yield
4.11%
Price Target
$35.60

Patterson Companies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
37.9% Upside
$34.71 Price Target
Short Interest
Healthy
3.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
-0.01mentions of Patterson Companies in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$275,485 Sold Last Quarter
Proj. Earnings Growth
6.80%
From $2.50 to $2.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Medical Sector

170th out of 949 stocks

Medical & Hospital Equipment Industry

2nd out of 3 stocks


PDCO stock logo

About Patterson Companies Stock (NASDAQ:PDCO)

Patterson Companies, Inc. engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems. It also provides a range of related services comprising software and design services, maintenance and repair, and equipment financing. The Animal Health segment distributes biologicals, pharmaceuticals, vaccines, parasiticides, diagnostics, prescription and non-prescription diets, nutritional's, consumable supplies, equipment, and software, as well as value-added services. This segment also provides private label portfolio of products to veterinarians, producers, and retailers under the Aspen, First Companion, and Patterson Veterinary brands. The Corporate segment offers customer financing services; and sells other miscellaneous products. It serves dentists, laboratories, institutions, other healthcare professionals, veterinarians, other animal health professionals, production animal operators, and animal health product retailers. The company was formerly known as Patterson Dental Company and changed its name to Patterson Companies, Inc. in June 2004. Patterson Companies, Inc. was founded in 1877 and is headquartered in Saint Paul, Minnesota.

PDCO Stock Price History

PDCO Stock News Headlines

Q2 2024 Patterson Companies Inc Earnings Call
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Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Patterson Trims FY24 Outlook - Update
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Patterson Companies Inc. Q2 Profit Decreases, misses estimates
Home and Away's Leah Patterson to endanger Justin Morgan
See More Headlines
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Company Calendar

Ex-Dividend for 11/3 Dividend
10/19/2023
Dividend Payable
11/03/2023
Last Earnings
11/29/2023
Today
11/30/2023
Next Earnings (Estimated)
3/07/2024
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Medical & hospital equipment
Sub-Industry
Health Care Distributors
Sector
Medical
Current Symbol
NASDAQ:PDCO
CUSIP
70339510
Employees
7,600
Year Founded
1877

Price Target and Rating

Average Stock Price Target
$34.71
High Stock Price Target
$40.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+41.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$207.56 million
Pretax Margin
4.29%

Debt

Sales & Book Value

Annual Sales
$6.47 billion
Cash Flow
$2.63 per share
Book Value
$11.45 per share

Miscellaneous

Free Float
94,412,000
Market Cap
$2.42 billion
Optionable
Optionable
Beta
1.31

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PDCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Patterson Companies stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PDCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDCO, but not buy additional shares or sell existing shares.
View PDCO analyst ratings
or view top-rated stocks.

What is Patterson Companies' stock price target for 2024?

4 brokerages have issued 1-year price targets for Patterson Companies' shares. Their PDCO share price targets range from $30.00 to $40.00. On average, they predict the company's share price to reach $34.71 in the next twelve months. This suggests a possible upside of 37.9% from the stock's current price.
View analysts price targets for PDCO
or view top-rated stocks among Wall Street analysts.

How have PDCO shares performed in 2023?

Patterson Companies' stock was trading at $28.03 on January 1st, 2023. Since then, PDCO stock has decreased by 10.2% and is now trading at $25.18.
View the best growth stocks for 2023 here
.

Are investors shorting Patterson Companies?

Patterson Companies saw a increase in short interest in 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 volume of 960,300 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.8% of the shares of the company are short sold.
View Patterson Companies' Short Interest
.

When is Patterson Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our PDCO earnings forecast
.

How were Patterson Companies' earnings last quarter?

Patterson Companies, Inc. (NASDAQ:PDCO) posted its earnings results on Wednesday, November, 29th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.09. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.70 billion. Patterson Companies had a trailing twelve-month return on equity of 22.24% and a net margin of 3.28%. The business's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS.

How often does Patterson Companies pay dividends? What is the dividend yield for Patterson Companies?

Patterson Companies announced 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 4.13%. The ex-dividend date of this dividend is Thursday, October 19th.
Read our dividend analysis for PDCO
.

Is Patterson Companies a good dividend stock?

Patterson Companies (NASDAQ:PDCO) pays an annual dividend of $1.04 per share and currently has a dividend yield of 3.31%. 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.

What guidance has Patterson Companies issued on next quarter's earnings?

Patterson Companies issued an update on its FY24 earnings guidance on Wednesday, November, 29th. The company provided earnings per share guidance of $2.35-2.45 for the period, compared to the consensus earnings per share estimate of $2.50.

What is Mark Walchirk's approval rating as Patterson Companies' CEO?

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.

What other stocks do shareholders of Patterson Companies own?

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).

Who are Patterson Companies' major shareholders?

Patterson Companies' stock is owned by a variety of retail and institutional investors. Top institutional investors 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.
View institutional ownership trends
.

How do I buy shares of Patterson Companies?

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.
Compare Top Brokerages Here.

This page (NASDAQ:PDCO) was last updated on 11/30/2023 by MarketBeat.com Staff

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