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

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

Patterson Companies announced a quarterly dividend on Tuesday, December 17th. Shareholders of record on Friday, January 10th will be given a dividend of $0.26 per share on Friday, January 24th. This represents a $1.04 annualized dividend and a yield of 4.42%. The ex-dividend date is Thursday, January 9th. View Patterson Companies' Dividend History.

Patterson Companies declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 14th 2018, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Patterson Companies, Inc. (NASDAQ:PDCO) issued its quarterly earnings results on Thursday, December, 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.42 billion. Patterson Companies had a net margin of 1.01% and a return on equity of 8.97%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. View Patterson Companies' Earnings History.

Patterson Companies is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Patterson Companies.

Patterson Companies updated its FY20 earnings guidance on Thursday, December, 5th. The company provided EPS guidance of $1.36-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37.

10 analysts have issued 1-year price objectives for Patterson Companies' stock. Their forecasts range from $15.00 to $25.00. On average, they anticipate Patterson Companies' share price to reach $19.19 in the next twelve months. This suggests that the stock has a possible downside of 18.4%. View Analyst Price Targets for Patterson Companies.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last year. There are currently 4 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Patterson Companies.

News stories about PDCO stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Patterson Companies earned a coverage optimism score of -2.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the near term. View News Stories for Patterson Companies.

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 AT&T (T), Henry Schein (HSIC), AbbVie (ABBV), Gilead Sciences (GILD), Bank of America (BAC), Verizon Communications (VZ), Cisco Systems (CSCO), Omega Healthcare Investors (OHI), Abbott Laboratories (ABT) and Ford Motor (F).

Patterson Companies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.24%), Rowland & Co. Investment Counsel ADV (0.12%), Nippon Life Global Investors Americas Inc. (0.08%), Commerzbank Aktiengesellschaft FI (0.07%), SG Americas Securities LLC (0.06%) and Arizona State Retirement System (0.05%). View Institutional Ownership Trends for Patterson Companies.

PDCO stock was sold by a variety of institutional investors in the last quarter, including Inlet Private Wealth LLC, Nippon Life Global Investors Americas Inc., Lapides Asset Management LLC, Nisa Investment Advisors LLC, SG Americas Securities LLC, O Keefe Stevens Advisory Inc., Pflug Koory LLC and Arizona State Retirement System. View Insider Buying and Selling for Patterson Companies.

PDCO stock was acquired by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Mission Wealth Management LP, Commerzbank Aktiengesellschaft FI, Dupont Capital Management Corp, Rowland & Co. Investment Counsel ADV, FNY Investment Advisers LLC and Measured Wealth Private Client Group LLC. View Insider Buying and Selling 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 $23.52.

Patterson Companies has a market capitalization of $2.25 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]