Patterson Companies (NASDAQ:PDCO) Issues Earnings Results, Misses Expectations By $0.02 EPS

Patterson Companies (NASDAQ:PDCO) released its quarterly earnings results on Thursday. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02), Zacks reports. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.65 billion. Patterson Companies had a net margin of 2.58% and a return on equity of 19.87%. Patterson Companies’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. Patterson Companies updated its FY25 guidance to $2.25-$2.35 EPS.

Patterson Companies Stock Performance

NASDAQ PDCO opened at $21.88 on Thursday. The company has a market cap of $1.93 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.67. The stock has a 50-day moving average of $20.98 and a two-hundred day moving average of $22.82. Patterson Companies has a 1-year low of $19.45 and a 1-year high of $30.68.

Patterson Companies Dividend Announcement

The company 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. This represents a $1.04 annualized dividend and a yield of 4.75%. The ex-dividend date was Friday, October 18th. Patterson Companies’s dividend payout ratio is currently 56.83%.

Analysts Set New Price Targets

PDCO has been the topic of a number of research reports. Robert W. Baird decreased their price objective on Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. reduced their price target on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Evercore ISI reduced their price target on Patterson Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, October 8th. UBS Group reduced their price target on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Mizuho began coverage on Patterson Companies in a report on Wednesday. They set a “neutral” rating and a $23.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.11.

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.