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. StockNews.com 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

(Get Free Report)

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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