Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery. This segment also develops and sells technology solutions, such as practice management software and e-commerce solutions. In addition, it offers a range of related services, including software and design, maintenance and repair, and equipment financing services. The company's Animal Health segment distributes animal health products, such as pharmaceuticals, vaccines, parasiticides, diagnostics, prescription and non-prescription diets, nutritionals, consumable supplies, equipment, and software to veterinarians, producers, and retailers under the Aspen, First Companion, and Patterson Veterinary brands. This segment also offers a range of value-added services to animal health customers. Patterson Companies, Inc. 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 St. Paul, Minnesota.
Industry, Sector and Symbol
Industry Medical & hospital equipment
Sub-IndustryHealth Care Distributors
SectorMedical
SymbolNASDAQ:PDCO
CUSIP70339510
Phone651-686-1600
Debt
Debt-to-Equity Ratio0.63
Current Ratio1.95
Quick Ratio1.00
Price-To-Earnings
Trailing P/E Ratio13.86
Forward P/E Ratio13.91
P/E Growth2.18
Sales & Book Value
Annual Sales$5.47 billion
Price / Sales0.43
Cash Flow$2.6878 per share
Price / Cash9.16
Book Value$15.45 per share
Price / Book1.59
Profitability
EPS (Most Recent Fiscal Year)$1.68
Net Income$170.89 million
Net Margins3.68%
Return on Equity11.05%
Return on Assets4.43%
Miscellaneous
Employees7,500
Outstanding Shares94,630,000
Patterson Companies (NASDAQ:PDCO) Frequently Asked Questions
What is Patterson Companies' stock symbol?
Patterson Companies trades on the NASDAQ under the ticker symbol "PDCO."
How often does Patterson Companies pay dividends? What is the dividend yield for Patterson Companies?
Patterson Companies announced a quarterly dividend on Tuesday, June 12th. Shareholders of record on Friday, July 13th will be paid a dividend of $0.26 per share on Friday, July 27th. This represents a $1.04 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 12th. View Patterson Companies' Dividend History.
How will Patterson Companies' stock buyback program work?
Patterson Companies announced that its board has initiated a share repurchase plan on Wednesday, March 14th 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.
How were Patterson Companies' earnings last quarter?
Patterson Companies, Inc. (NASDAQ:PDCO) issued its quarterly earnings results on Thursday, June, 21st. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.43 billion. Patterson Companies had a return on equity of 11.05% and a net margin of 3.68%. Patterson Companies's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. View Patterson Companies' Earnings History.
What guidance has Patterson Companies issued on next quarter's earnings?
Patterson Companies issued an update on its FY19 earnings guidance on Thursday, June, 21st. The company provided earnings per share guidance of $1.73-1.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.76.
What price target have analysts set for PDCO?
16 brokerages have issued twelve-month price objectives for Patterson Companies' stock. Their predictions range from $18.50 to $50.00. On average, they expect Patterson Companies' stock price to reach $31.1667 in the next year. View Analyst Ratings for Patterson Companies.
What are Wall Street analysts saying about Patterson Companies stock?
Here are some recent quotes from research analysts about Patterson Companies stock:
- 1. According to Zacks Investment Research, "Patterson ended third-quarter fiscal 2018 on an unfavorable note with earnings and revenues declining on a year-over-year basis. However, we are upbeat about the company’s Animal Health segment performing well lately. The company provides a wide range of consumable supplies, equipment, software and value-added services. Its broad product spectrum saves it against economic downturns in the MedTech space. We believe, a diversified product portfolio, strong veterinary business prospects, accretive acquisitions and strategic partnerships are key growth catalysts. Moreover, a downbeat guidance indicates looming concerns ahead. Revenue decrease in the dental segment is another headwind, driven by lowered sales of CEREC and digital technology products. Management expects challenges in the technology-based equipment business to persist through fiscal 2018." (3/5/2018)
- 2. UBS Group AG analysts commented, "tough to fill" even with new product introductions — a view that is shared among others on the Street.The loss of Sirona could also generate further market share losses in consumables sales, which are expected to remain in the low-single digit range, Cherny continued. As such, it is not clear at this point in time if the company will be able to accelerate recent EBIT growth, especially when factoring in expectations for further EBIT margin pressures from the Animal Health mix shift.Meanwhile, Patterson hasn't yet brought in a permanent CEO, and once an executive is appointed, they will need to immediately implement a sales force rebuild, the analyst added. Also, the ongoing ERP investment (Enterprise Resource Planning) and roll-out continues to be an overhang and needs to be managed properly to fully take advantage of any new opportunity.While these issues are indeed fixable and the hiring of a new CEO could "pivot the company in a more sustainable direction," (7/11/2017)
Are investors shorting Patterson Companies?
Patterson Companies saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 13,376,031 shares, an increase of 35.9% from the April 30th total of 9,844,124 shares. Based on an average trading volume of 1,632,068 shares, the days-to-cover ratio is currently 8.2 days. Approximately 16.2% of the company's stock are sold short. View Patterson Companies' Current Options Chain.
Who are some of Patterson Companies' key competitors?
Some companies that are related to Patterson Companies include Dexcom (DXCM), Eurofins Scientific (ERFSF), Valeant Pharmaceuticals Intl (VRX), Sartorius AG Preference Shares (SRT3), EXACT Sciences (EXAS), Qiagen (QGEN), Recordati (RCDTF), AveXis (AVXS), SONIC HEALTHCAR/S (SKHHY), Valeant Pharmaceuticals Intl (VRX), Sonic Healthcare (SKHCF), SAGE Therapeutics (SAGE), West Pharmaceutical Services (WST), Icon (ICLR) and Canopy Growth (CGC).
Who are Patterson Companies' key executives?
Patterson Companies' management team includes the folowing people:
- Mr. Les B. Korsh, VP, Gen. Counsel & Sec. (Age 48)
- Ms. Ann B. Gugino, Special Advisor (Age 46)
- Mr. Paul A. Guggenheim, Pres of Patterson Dental - Western Region (Age 58)
- Mr. Scott P. Anderson, Non-Officer Special Advisor (Age 51)
- Mr. Mark S. Walchirk, CEO, Pres & Director (Age 52)
Has Patterson Companies been receiving favorable news coverage?
Media stories about PDCO stock have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Patterson Companies earned a news sentiment score of 0.16 on Accern's scale. They also gave news articles about the company an impact score of 46.07 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Patterson Companies' major shareholders?
Patterson Companies' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.25%), Barrow Hanley Mewhinney & Strauss LLC (2.21%), Thompson Siegel & Walmsley LLC (2.04%), Gamco Investors INC. ET AL (1.81%), Dimensional Fund Advisors LP (1.78%) and Wells Fargo & Company MN (1.43%). Company insiders that own Patterson Companies stock include Ann B Gugino, Ellen A Rudnick, James W Wiltz, John D Buck and Scott P Anderson. View Institutional Ownership Trends for Patterson Companies.
Which major investors are selling Patterson Companies stock?
PDCO stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Guggenheim Capital LLC, Victory Capital Management Inc., The Manufacturers Life Insurance Company , W. E. Donoghue & Co. LLC, Van ECK Associates Corp, Highland Capital Management LP and Legal & General Group Plc. View Insider Buying and Selling for Patterson Companies.
Which major investors are buying Patterson Companies stock?
PDCO stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Thompson Siegel & Walmsley LLC, Cove Street Capital LLC, Rothschild Asset Management Inc., River Road Asset Management LLC, Gamco Investors INC. ET AL, Howard Capital Management Inc. and Seven Eight Capital LP. View Insider Buying and Selling for Patterson Companies.
How do I buy shares of Patterson Companies?
Shares of PDCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Patterson Companies' stock price today?
One share of PDCO stock can currently be purchased for approximately $24.62.
How big of a company is Patterson Companies?
Patterson Companies has a market capitalization of $2.20 billion and generates $5.47 billion in revenue each year. The company earns $170.89 million in net income (profit) each year or $1.68 on an earnings per share basis. Patterson Companies employs 7,500 workers across the globe.
How can I contact Patterson Companies?
Patterson Companies' mailing address is 1031 MENDOTA HEIGHTS RD, ST PAUL MN, 55120. The company can be reached via phone at 651-686-1600 or via email at [email protected]
MarketBeat Community Rating for Patterson Companies (PDCO)
MarketBeat's community ratings are surveys of what our community members think about Patterson Companies and other stocks. Vote "Outperform" if you believe PDCO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PDCO will underperform the S&P 500 over the long term. You may vote once every thirty days.
