Patterson Companies - PDCO Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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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5 brokers have issued 12 month price objectives for Patterson Companies' shares. Their PDCO share price forecasts range from $30.00 to $39.00. On average, they expect the company's share price to reach $34.17 in the next year. This suggests a possible upside of 30.5% from the stock's current price.
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Patterson Companies' stock was trading at $28.03 at the beginning of 2023. Since then, PDCO stock has decreased by 6.6% and is now trading at $26.18.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023.
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Patterson Companies, Inc. (NASDAQ:PDCO) issued its quarterly earnings results on Thursday, March, 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The business earned $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Patterson Companies had a trailing twelve-month return on equity of 21.30% and a net margin of 3.08%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS.

Patterson Companies declared a quarterly dividend on Tuesday, March 14th. Shareholders of record on Friday, April 21st will be given a dividend of $0.26 per share on Friday, May 5th. This represents a $1.04 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, April 20th.
Read our dividend analysis for PDCO.

ETFs with the largest weight of Patterson Companies (NASDAQ:PDCO) stock in their portfolio include Sound Equity Income ETF (SDEI), Small Cap US Equity Select ETF (RNSC), SPDR S&P Health Care Services ETF (XHS), Schwab Ariel ESG ETF (SAEF), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Hartford Multifactor Small Cap ETF (ROSC) and Invesco S&P MidCap 400 Pure Value ETF (RFV).

Patterson Companies (NASDAQ:PDCO) pays an annual dividend of $1.04 per share and currently has a dividend yield of 3.92%. The dividend payout ratio is 52.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCO will have a dividend payout ratio of 44.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDCO.

Patterson Companies updated its FY 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share guidance of $2.25-$2.30 for the period, compared to the consensus EPS estimate of $2.28. 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 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 Price T Rowe Associates Inc. MD (4.50%), Dimensional Fund Advisors LP (4.24%), American Century Companies Inc. (3.06%), River Road Asset Management LLC (2.90%), Nordea Investment Management AB (2.52%) and Morgan Stanley (1.98%). Insiders that own company stock include Andrea L Frohning, Donald Zurbay, Jody H Feragen, Kevin Michael Barry, Les B Korsh and Les B Korsh.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PDCO stock can currently be purchased for approximately $26.18.

Patterson Companies (NASDAQ:PDCO) has a market capitalization of $2.56 billion and generates $6.50 billion in revenue each year. The company earns $203.21 million in net income (profit) each year or $2.00 on an earnings per share basis.

The company employs 7,700 workers across the globe.

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.