Patterson Companies (NASDAQ:PDCO) Posts Quarterly Earnings Results

Patterson Companies (NASDAQ:PDCO) issued its quarterly earnings data on Tuesday. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01), RTT News reports. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Patterson Companies had a return on equity of 20.98% and a net margin of 2.95%. The firm’s revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. Patterson Companies updated its FY25 guidance to $2.33-$2.43 EPS and its FY 2025 guidance to 2.330-2.430 EPS.

Patterson Companies Stock Up 11.1 %

Shares of NASDAQ:PDCO opened at $25.38 on Wednesday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.90 and a beta of 1.07. The stock’s 50-day moving average price is $24.94 and its two-hundred day moving average price is $26.98. Patterson Companies has a 12-month low of $22.29 and a 12-month high of $34.53. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

Patterson Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, July 19th. Patterson Companies’s dividend payout ratio is presently 51.23%.

Wall Street Analysts Forecast Growth

PDCO has been the subject of several analyst reports. Piper Sandler downgraded shares of Patterson Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $28.00 in a research note on Thursday, February 29th. Evercore ISI cut their target price on shares of Patterson Companies from $28.00 to $27.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. SVB Leerink started coverage on Patterson Companies in a report on Monday, February 26th. They set an “outperform” rating and a $36.00 target price for the company. Leerink Partnrs reiterated an “outperform” rating on shares of Patterson Companies in a research note on Monday, February 26th. Finally, StockNews.com downgraded Patterson Companies from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.67.

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.