Patterson Companies (NASDAQ:PDCO) Releases FY25 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $2.33-$2.43 for the period, compared to the consensus EPS estimate of $2.39. Patterson Companies also updated its FY 2025 guidance to 2.330-2.430 EPS.

Patterson Companies Trading Up 11.1 %

NASDAQ:PDCO opened at $25.38 on Wednesday. The company has a market capitalization of $2.27 billion, a P/E ratio of 12.50, a PEG ratio of 1.90 and a beta of 1.07. 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 has a 12 month low of $22.29 and a 12 month high of $34.53. The firm has a fifty day simple moving average of $24.94 and a 200-day simple moving average of $26.98.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Tuesday, June 18th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. Patterson Companies had a return on equity of 20.98% and a net margin of 2.95%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. On average, equities research analysts anticipate that Patterson Companies will post 2.28 earnings per share for the current year.

Patterson Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders 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%.

Analysts Set New Price Targets

PDCO has been the subject of several recent research reports. SVB Leerink began coverage on shares of 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 restated an outperform rating on shares of Patterson Companies in a research note on Monday, February 26th. JPMorgan Chase & Co. reduced their price target on Patterson Companies from $31.00 to $30.00 and set a neutral rating for the company in a research report on Wednesday, March 6th. Bank of America decreased their price target on Patterson Companies from $34.00 to $32.00 and set a buy rating for the company in a report on Monday, May 20th. Finally, StockNews.com cut shares of Patterson Companies from a buy rating to a hold rating in a research note on Saturday, June 1st. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Patterson Companies currently has a consensus rating of Hold and an average price target 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.