Patterson Companies - PDCO Stock Forecast, Price & News

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.