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NASDAQ:PDCO

Patterson Companies - PDCO Stock Forecast, Price & News

$30.94
+0.17 (+0.55%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$30.82
$31.58
50-Day Range
$27.74
$31.42
52-Week Range
$26.51
$35.29
Volume
531,985 shs
Average Volume
705,196 shs
Market Capitalization
$3.01 billion
P/E Ratio
14.95
Dividend Yield
3.38%
Price Target
$37.50

Patterson Companies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
21.2% Upside
$37.50 Price Target
Short Interest
Healthy
6.05% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.26
Upright™ Environmental Score
News Sentiment
0.40mentions of Patterson Companies in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$446,034 Sold Last Quarter
Proj. Earnings Growth
7.83%
From $2.30 to $2.48 Per Share

Overall MarketRank

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

2.33 out of 5 stars

Medical Sector

352nd out of 1,112 stocks

Medical & Hospital Equipment Industry

3rd out of 3 stocks

PDCO stock logo

About Patterson Companies (NASDAQ:PDCO) Stock

Patterson Companies, Inc. engages in 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.

Patterson Companies Stock Up 0.4 %

Patterson Companies stock traded up $0.13 during mid-day trading on Thursday, hitting $30.90. 14,348 shares of the company's stock were exchanged, compared to its average volume of 679,772. Patterson Companies has a 1-year low of $26.51 and a 1-year high of $35.29. The stock has a 50 day moving average of $29.91 and a two-hundred day moving average of $30.66. The company has a current ratio of 1.65, a quick ratio of 0.88 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.01 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.36 and a beta of 1.26.

Patterson Companies (NASDAQ:PDCO - Get Rating) last released its quarterly earnings results on Wednesday, June 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.15. Patterson Companies had a return on equity of 21.94% and a net margin of 3.13%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.38 EPS. The firm's revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that Patterson Companies will post 2.3 EPS for the current fiscal year.

Patterson Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 22nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Thursday, July 21st. Patterson Companies's payout ratio is 50.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Patterson Companies from $41.00 to $42.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 29th. Morgan Stanley upped their target price on Patterson Companies from $32.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 14th. Credit Suisse Group lifted their price target on Patterson Companies from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Thursday, June 30th. Finally, Robert W. Baird set a $35.00 price objective on Patterson Companies in a report on Monday, June 20th.

Insider Buying and Selling

In related news, CFO Donald Zurbay sold 10,180 shares of Patterson Companies stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $29.58, for a total value of $301,124.40. Following the transaction, the chief financial officer now owns 78,032 shares in the company, valued at approximately $2,308,186.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Donald Zurbay sold 10,180 shares of the stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $29.58, for a total transaction of $301,124.40. Following the completion of the sale, the chief financial officer now owns 78,032 shares in the company, valued at approximately $2,308,186.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Les B. Korsh sold 4,889 shares of the firm's stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $29.64, for a total value of $144,909.96. Following the completion of the sale, the insider now directly owns 71,449 shares in the company, valued at approximately $2,117,748.36. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

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PDCO Stock News Headlines

Cordarrelle Patterson suggests Falcons trade for Roquan Smith
Eboni Boykin-Patterson
Best Income Stocks to Buy for July 25th
Patterson Companies, Inc. (NASDAQ:PDCO) Short Interest Update
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PDCO Company Calendar

Last Earnings
6/29/2022
Ex-Dividend for 8/5 Dividend
7/21/2022
Dividend Payable
8/05/2022
Today
8/12/2022
Next Earnings (Estimated)
9/01/2022
Fiscal Year End
4/30/2023

Industry, Sector and Symbol

Industry
Medical & hospital equipment
Sub-Industry
Health Care Distributors
Sector
Medical
Current Symbol
NASDAQ:PDCO
CUSIP
70339510
Employees
7,700
Year Founded
1877

Price Target and Rating

Average Stock Price Forecast
$37.50
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+21.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$203.21 million
Pretax Margin
4.10%

Debt

Sales & Book Value

Annual Sales
$6.50 billion
Cash Flow
$3.20 per share
Book Value
$10.68 per share

Miscellaneous

Free Float
95,291,000
Market Cap
$3.01 billion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Mr. Mark S. Walchirk (Age 56)
    CEO, Pres & Director
    Comp: $2.58M
  • Mr. Donald J. Zurbay (Age 54)
    Chief Financial Officer
    Comp: $1.28M
  • Mr. Les B. Korsh (Age 52)
    VP, Gen. Counsel & Sec.
    Comp: $838.15k
  • Mr. Eric R. Shirley (Age 55)
    Sr. VP of Bus. Devel.
    Comp: $850.52k
  • Mr. Kevin M. Pohlman (Age 58)
    Pres of Animal Health International, Inc.
    Comp: $812.84k
  • Mr. Dave M. Lardy
    Chief Information Officer
  • Mr. John M. Wright
    VP of Investor Relations
  • Ms. Shivani Prabhakar Kaul
    Chief Compliance Officer
  • Ms. Andrea L. Frohning (Age 52)
    Chief HR Officer
  • Mr. Paul A. Guggenheim (Age 62)
    Chief Innovation Officer













PDCO Stock - Frequently Asked Questions

Should I buy or sell Patterson Companies stock right now?

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 "buy" PDCO shares.
View PDCO analyst ratings
or view top-rated stocks.

What is Patterson Companies' stock price forecast for 2022?

3 brokers have issued 12-month price objectives for Patterson Companies' stock. Their PDCO share price forecasts range from $35.00 to $42.00. On average, they anticipate the company's share price to reach $37.50 in the next twelve months. This suggests a possible upside of 21.2% 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 2022?

Patterson Companies' stock was trading at $29.35 at the beginning of the year. Since then, PDCO shares have increased by 5.4% and is now trading at $30.94.
View the best growth stocks for 2022 here
.

When is Patterson Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our PDCO earnings forecast
.

How were Patterson Companies' earnings last quarter?

Patterson Companies, Inc. (NASDAQ:PDCO) issued its quarterly earnings data on Wednesday, June, 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.59 billion. Patterson Companies had a net margin of 3.13% and a trailing twelve-month return on equity of 21.94%. Patterson Companies's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS.

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

Patterson Companies declared a quarterly dividend on Tuesday, June 14th. Shareholders of record on Friday, July 22nd will be given a dividend of $0.26 per share on Friday, August 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, July 21st.
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 3.38%. The dividend payout ratio is 50.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCO will have a dividend payout ratio of 41.94% 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 updated its FY 2023 earnings guidance on Wednesday, July, 27th. The company provided earnings per share (EPS) guidance of $2.25-$2.35 for the period, compared to the consensus estimate of $2.24. The company issued revenue guidance of -.

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).

What is Patterson Companies' stock symbol?

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

Who are Patterson Companies' major shareholders?

Patterson Companies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (1.86%), Victory Capital Management Inc. (1.58%), Allspring Global Investments Holdings LLC (1.49%), Brown Advisory Inc. (1.17%), Sasco Capital Inc. CT (1.00%) and Ceredex Value Advisors LLC (0.86%). Insiders that own company stock include Andrea L Frohning, Donald Zurbay, Jody H Feragen, Les B Korsh and Les B Korsh.
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.

What is Patterson Companies' stock price today?

One share of PDCO stock can currently be purchased for approximately $30.94.

How much money does Patterson Companies make?

Patterson Companies (NASDAQ:PDCO) has a market capitalization of $3.01 billion and generates $6.50 billion in revenue each year. The company earns $203.21 million in net income (profit) each year or $2.07 on an earnings per share basis.

How many employees does Patterson Companies have?

The company employs 7,700 workers across the globe.

When was Patterson Companies founded?

Patterson Companies was founded in 1877.

How can I contact Patterson Companies?

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.

This page (NASDAQ:PDCO) was last updated on 8/12/2022 by MarketBeat.com Staff

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