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

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

Patterson Companies declared a quarterly dividend on Tuesday, December 17th. Investors of record on Friday, January 10th will be paid a dividend of $0.26 per share on Friday, January 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, January 9th. View Patterson Companies' Dividend History.

Patterson Companies declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 14th 2018, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Patterson Companies, Inc. (NASDAQ:PDCO) posted its earnings results on Thursday, December, 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a return on equity of 8.97% and a net margin of 1.01%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. 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 issued an update on its FY20 earnings guidance on Thursday, December, 5th. The company provided earnings per share (EPS) guidance of $1.36-1.46 for the period, compared to the Thomson Reuters consensus estimate of $1.37.

10 Wall Street analysts have issued 12 month price targets for Patterson Companies' shares. Their forecasts range from $15.00 to $25.00. On average, they expect Patterson Companies' share price to reach $19.19 in the next twelve months. This suggests that the stock has a possible downside of 15.4%. 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 articles about PDCO stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, 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 media coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. 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), Abbott Laboratories (ABT), Omega Healthcare Investors (OHI), Verizon Communications (VZ), Cisco Systems (CSCO) and General Electric (GE).

Patterson Companies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.16%), FMR LLC (3.16%), Bank of New York Mellon Corp (1.99%), Sasco Capital Inc. CT (1.50%), LSV Asset Management (1.32%) and Geode Capital Management LLC (1.26%). View Institutional Ownership Trends for Patterson Companies.

PDCO stock was sold by a variety of institutional investors in the last quarter, including Tavio Capital LLC, Sasco Capital Inc. CT, River Road Asset Management LLC, Bank of America Corp DE, AQR Capital Management LLC, Cove Street Capital LLC, LSV Asset Management and Bank of New York Mellon Corp. View Insider Buying and Selling for Patterson Companies.

PDCO stock was acquired by a variety of institutional investors in the last quarter, including Westwood Holdings Group Inc., Point72 Asset Management L.P., Barrow Hanley Mewhinney & Strauss LLC, Renaissance Technologies LLC, UBS Group AG, Great Lakes Advisors LLC, Vident Investment Advisory LLC and Alberta Investment Management Corp. 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 $22.68.

Patterson Companies has a market capitalization of $2.17 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]