Patterson Companies (NASDAQ:PDCO) Updates FY25 Earnings Guidance

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

Analyst Ratings Changes

A number of brokerages have weighed in on PDCO. Mizuho began coverage on Patterson Companies in a report on Wednesday. They issued a “neutral” rating and a $23.00 price objective on the stock. Evercore ISI decreased their price target on 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. Bank of America reduced their target price on 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 reduced their target price on Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. cut their price target on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.11.

Patterson Companies Stock Up 1.2 %

Shares of Patterson Companies stock opened at $21.88 on Thursday. The company has a fifty day moving average price of $20.98 and a 200 day moving average price of $22.82. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34. Patterson Companies has a twelve month low of $19.45 and a twelve month high of $30.68. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.57 and a beta of 1.00.

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

Patterson Companies Announces Dividend

The company also recently disclosed 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 currently 56.83%.

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.