Patterson Companies (PDCO) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PDCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDCO, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 12-month price objectives for Patterson Companies' shares. Their PDCO share price targets range from $28.00 to $40.00. On average, they anticipate the company's share price to reach $33.11 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price.
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Patterson Companies' stock was trading at $28.45 at the beginning of the year. Since then, PDCO shares have decreased by 9.6% and is now trading at $25.73.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 19th 2024.
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Patterson Companies, Inc. (NASDAQ:PDCO) announced its quarterly earnings results on Wednesday, February, 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by $0.01. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. Patterson Companies had a trailing twelve-month return on equity of 20.98% and a net margin of 2.95%. Patterson Companies's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS.

Patterson Companies announced a quarterly dividend on Monday, March 11th. Stockholders of record on Friday, April 19th will be given a dividend of $0.26 per share on Friday, May 3rd. This represents a $1.04 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, April 18th.
Read our dividend analysis for PDCO.

Patterson Companies (NASDAQ:PDCO) pays an annual dividend of $1.04 per share and currently has a dividend yield of 4.06%. PDCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.23%. 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.

ETFs with the largest weight of Patterson Companies (NASDAQ:PDCO) stock in their portfolio include Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), Small Cap US Equity Select ETF (RNSC), SPDR S&P Health Care Services ETF (XHS), Invesco S&P SmallCap Health Care ETF (PSCH), JPMorgan Active Small Cap Value ETF (JPSV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Patterson Companies issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 2.300-2.350 for the period, compared to the consensus earnings per share estimate of 2.360. The company issued revenue guidance of -.

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.

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).

Patterson Companies' stock is owned by a number of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (0.69%), Rowlandmiller & PARTNERS.ADV (0.10%), Miller Howard Investments Inc. NY (0.02%), ARGA Investment Management LP (0.02%), Romano Brothers AND Company (0.01%) and Collective Family Office LLC (0.01%). Insiders that own company stock include Andrea L Frohning, Donald Zurbay, Kevin Michael Barry, Les B Korsh, Les B Korsh and Timothy E Rogan.
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Shares of PDCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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