Patterson Companies (NASDAQ:PDCO) Issues FY 2025 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.330-2.430 for the period, compared to the consensus estimate of 2.360. The company issued revenue guidance of -.

Analyst Ratings Changes

Several brokerages have commented on PDCO. StockNews.com cut shares of Patterson Companies from a buy rating to a hold rating in a report on Saturday, June 1st. JPMorgan Chase & Co. cut their target price on shares of Patterson Companies from $30.00 to $29.00 and set a neutral rating on the stock in a research note on Thursday, June 20th. Bank of America lowered their price target on Patterson Companies from $34.00 to $32.00 and set a buy rating on the stock in a report on Monday, May 20th. Morgan Stanley reduced their price objective on Patterson Companies from $30.00 to $28.00 and set an equal weight rating for the company in a research note on Thursday, June 20th. Finally, Evercore ISI decreased their price target on shares of Patterson Companies from $27.00 to $25.00 and set an in-line rating for the company in a report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Patterson Companies currently has a consensus rating of Hold and a consensus price target of $30.00.

Patterson Companies Stock Up 1.4 %

PDCO stock opened at $25.69 on Wednesday. The firm has a market cap of $2.25 billion, a PE ratio of 12.85, a PEG ratio of 2.32 and a beta of 1.06. Patterson Companies has a 1 year low of $22.29 and a 1 year high of $33.90. The company has a fifty day simple moving average of $24.66 and a 200 day simple moving average of $25.57. The company has a current ratio of 1.33, a quick ratio of 0.75 and a debt-to-equity ratio of 0.33.

Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Tuesday, June 18th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Patterson Companies had a return on equity of 20.80% and a net margin of 2.83%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm earned $0.84 EPS. Patterson Companies’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts anticipate that Patterson Companies will post 2.36 EPS for the current fiscal year.

Patterson Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, July 19th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, July 19th. Patterson Companies’s dividend payout ratio is currently 52.00%.

Insider Buying and Selling

In other Patterson Companies news, insider Les B. Korsh sold 2,842 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $23.71, for a total transaction of $67,383.82. Following the completion of the sale, the insider now directly owns 103,765 shares in the company, valued at $2,460,268.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Donald Zurbay sold 5,875 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $23.71, for a total transaction of $139,296.25. Following the transaction, the chief executive officer now directly owns 237,288 shares in the company, valued at $5,626,098.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Les B. Korsh sold 2,842 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $23.71, for a total value of $67,383.82. Following the completion of the sale, the insider now owns 103,765 shares of the company’s stock, valued at approximately $2,460,268.15. The disclosure for this sale can be found here. Insiders have sold 17,149 shares of company stock worth $415,851 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Patterson Companies Company Profile

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.