Patterson Companies (NASDAQ:PDCO) Announces Earnings Results

Patterson Companies (NASDAQ:PDCO) released its earnings results on Thursday. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02), Zacks reports. Patterson Companies had a return on equity of 19.87% and a net margin of 2.58%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Patterson Companies updated its FY25 guidance to $2.25-$2.35 EPS and its FY 2025 guidance to 2.250-2.350 EPS.

Patterson Companies Trading Up 0.4 %

Shares of PDCO stock opened at $22.92 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.30. Patterson Companies has a 1 year low of $19.45 and a 1 year high of $30.68. The stock has a fifty day moving average of $21.02 and a two-hundred day moving average of $22.80. The firm has a market capitalization of $2.02 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00.

Patterson Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Wednesday, October 16th were given a dividend of $0.26 per share. The ex-dividend date was Friday, October 18th. This represents a $1.04 dividend on an annualized basis and a yield of 4.54%. Patterson Companies’s dividend payout ratio (DPR) is presently 60.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho assumed coverage on Patterson Companies in a report on Wednesday. They issued a “neutral” rating and a $23.00 price target on the stock. Evercore ISI cut their price target on Patterson Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, October 8th. Bank of America cut their price target on Patterson Companies from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. UBS Group cut their price target on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut their price target on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.10.

About Patterson Companies

Patterson Companies, Inc engages in the 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.