Patterson Companies (NASDAQ:PDCO) Issues FY25 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $2.25-$2.35 for the period, compared to the consensus EPS estimate of $2.30.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of Patterson Companies from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Robert W. Baird dropped their price target on shares of Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. dropped their price target on shares of Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Evercore ISI dropped their price target on shares of Patterson Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 8th. Finally, Mizuho began coverage on shares of Patterson Companies in a research note on Wednesday. They issued a “neutral” rating and a $23.00 price target on the stock. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Patterson Companies has an average rating of “Hold” and a consensus target price of $27.11.

Patterson Companies Trading Up 1.2 %

Shares of NASDAQ:PDCO opened at $21.88 on Thursday. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.57 and a beta of 1.00. Patterson Companies has a 1-year low of $19.45 and a 1-year high of $30.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.30. The company has a 50 day moving average price of $20.98 and a 200 day moving average price of $22.82.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Patterson Companies had a return on equity of 19.87% and a net margin of 2.58%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts anticipate that Patterson Companies will post 2.32 EPS for the current fiscal year.

Patterson Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Wednesday, October 16th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.04 dividend on an annualized basis and a yield of 4.75%. Patterson Companies’s payout ratio is 56.83%.

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.