Patterson Companies - PDCO Stock Forecast, Price & News

5 Wall Street 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 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 analysts have issued 12 month price targets for Patterson Companies' shares. Their PDCO share price forecasts range from $26.50 to $37.00. On average, they predict the company's stock price to reach $32.92 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
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Patterson Companies' stock was trading at $29.35 on January 1st, 2022. Since then, PDCO shares have decreased by 0.2% and is now trading at $29.29.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our PDCO earnings forecast.

Patterson Companies, Inc. (NASDAQ:PDCO) announced its quarterly earnings results on Thursday, September, 1st. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.06. The business earned $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. Patterson Companies had a net margin of 3.02% and a trailing twelve-month return on equity of 20.68%. Patterson Companies's quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share.

Patterson Companies declared a quarterly dividend on Tuesday, September 13th. Investors of record on Friday, October 21st will be paid a dividend of $0.26 per share on Friday, November 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, October 20th.
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 3.57%. The dividend payout ratio is 52.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCO will have a dividend payout ratio of 42.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDCO.

Patterson Companies issued an update on its FY 2023 earnings guidance on Thursday, October, 27th. The company provided earnings per share (EPS) guidance of $2.25-$2.35 for the period, compared to the consensus earnings per share estimate of $2.27. 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.33%), Vanguard Group Inc. (9.39%), Price T Rowe Associates Inc. MD (6.75%), Dimensional Fund Advisors LP (4.15%), State Street Corp (2.97%) and River Road Asset Management LLC (2.87%). Insiders that own company stock include Andrea L Frohning, Donald Zurbay, Jody H Feragen, 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 $29.29.

Patterson Companies (NASDAQ:PDCO) has a market capitalization of $2.84 billion and generates $6.50 billion in revenue each year. The company earns $203.21 million in net income (profit) each year or $1.97 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.