Patterson Companies (NASDAQ:PDCO) Issues FY25 Earnings Guidance

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

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore ISI dropped their price objective on Patterson Companies from $28.00 to $27.00 and set an in-line rating on the stock in a research note on Friday, April 26th. Piper Sandler downgraded Patterson Companies from an overweight rating to a neutral rating and dropped their price objective for the stock from $34.00 to $28.00 in a research note on Thursday, February 29th. downgraded Patterson Companies from a buy rating to a hold rating in a research note on Saturday, June 1st. Bank of America dropped their price target on Patterson Companies from $34.00 to $32.00 and set a buy rating on the stock in a research note on Monday, May 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Patterson Companies from $31.00 to $30.00 and set a neutral rating for the company in a report on Wednesday, March 6th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $31.67.

Get Our Latest Analysis on Patterson Companies

Patterson Companies Stock Performance

Shares of NASDAQ PDCO opened at $25.38 on Thursday. The stock has a 50 day moving average price of $24.94 and a 200 day moving average price of $26.97. Patterson Companies has a 52 week low of $22.29 and a 52 week high of $34.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.72 and a current ratio of 1.33. The stock has a market capitalization of $2.27 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07.

Patterson Companies (NASDAQ:PDCOGet Free Report) last issued its quarterly earnings results on Tuesday, June 18th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.01). Patterson Companies had a net margin of 2.83% and a return on equity of 20.80%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts predict that Patterson Companies will post 2.41 earnings per share for the current fiscal year.

Patterson Companies Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, July 19th. This represents a $1.04 annualized dividend and a yield of 4.10%. Patterson Companies’s dividend payout ratio (DPR) is presently 52.00%.

About Patterson Companies

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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.

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Earnings History and Estimates for Patterson Companies (NASDAQ:PDCO)

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