NASDAQ:PDCO - Patterson Companies Stock Price, Forecast & News

Patterson Companies' stock was trading at $20.89 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PDCO stock has decreased by 23.6% and is now trading at $15.96. View which stocks have been mosted impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last year. There are currently 3 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Patterson Companies.

Patterson Companies is scheduled to release its next quarterly earnings announcement on Thursday, June 25th 2020. View our earnings forecast for Patterson Companies.

Patterson Companies, Inc. (NASDAQ:PDCO) posted its quarterly earnings data on Thursday, February, 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. The company earned $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a return on equity of 9.57% and a net margin of 0.85%. The company's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. View Patterson Companies' earnings history.

Patterson Companies announced a quarterly dividend on Tuesday, March 17th. Investors of record on Friday, April 10th will be given a dividend of $0.26 per share on Friday, April 24th. This represents a $1.04 annualized dividend and a dividend yield of 6.52%. The ex-dividend date is Wednesday, April 8th. View Patterson Companies' dividend history.

Patterson Companies issued an update on its FY20 earnings guidance on Thursday, February, 27th. The company provided earnings per share guidance of $1.50-1.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.41.

10 analysts have issued 1-year price objectives for Patterson Companies' stock. Their forecasts range from $15.00 to $28.00. On average, they expect Patterson Companies' share price to reach $21.25 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price. View analysts' price targets for Patterson Companies.

Press coverage about PDCO stock has been trending positive on Saturday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Patterson Companies earned a coverage optimism score of 2.4 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutPatterson Companies.

Patterson Companies saw a increase in short interest in March. As of March 13th, there was short interest totaling 14,676,900 shares, an increase of 5.5% from the February 27th total of 13,910,000 shares. Based on an average daily trading volume, of 1,440,900 shares, the short-interest ratio is presently 10.2 days. Approximately 17.4% of the company's stock are sold short. View Patterson Companies' Current Options Chain.

Some companies that are related to Patterson Companies include McKesson (MCK), AmerisourceBergen (ABC), Cardinal Health (CAH), Henry Schein (HSIC) and Owens & Minor (OMI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson Companies investors own include AbbVie (ABBV), AT&T (T), Henry Schein (HSIC), Gilead Sciences (GILD), Bank of America (BAC), Verizon Communications (VZ), Ford Motor (F), General Electric (GE), Cisco Systems (CSCO) and Abbott Laboratories (ABT).

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

Patterson Companies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (3.16%), FMR LLC (3.16%), Bank of New York Mellon Corp (1.99%), Sasco Capital Inc. CT (1.50%), LSV Asset Management (1.32%) and Geode Capital Management LLC (1.26%). View institutional ownership trends for Patterson Companies.

PDCO stock was sold by a variety of institutional investors in the last quarter, including Tavio Capital LLC, Sasco Capital Inc. CT, River Road Asset Management LLC, Bank of America Corp DE, AQR Capital Management LLC, Cove Street Capital LLC, LSV Asset Management, and Bank of New York Mellon Corp. View insider buying and selling activity for Patterson Companies.

PDCO stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Westwood Holdings Group Inc., Point72 Asset Management L.P., Barrow Hanley Mewhinney & Strauss LLC, Renaissance Technologies LLC, UBS Group AG, Great Lakes Advisors LLC, and Vident Investment Advisory LLC. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of PDCO stock can currently be purchased for approximately $15.96.

Patterson Companies has a market capitalization of $1.53 billion and generates $5.57 billion in revenue each year. The company earns $83.63 million in net income (profit) each year or $1.40 on an earnings per share basis. Patterson Companies employs 7,800 workers across the globe. View additional information about Patterson Companies.

The official website for Patterson Companies is http://www.pattersoncompanies.com/.

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]