Patterson Companies (NASDAQ:PDCO) Releases FY25 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.25-$2.35 for the period, compared to the consensus estimate of $2.30. Patterson Companies also updated its FY 2025 guidance to 2.250-2.350 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PDCO shares. Mizuho began coverage on Patterson Companies in a research report on Wednesday. They set a “neutral” rating and a $23.00 price target for the company. JPMorgan Chase & Co. cut 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 report on Thursday, August 29th. Robert W. Baird dropped their target price on Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. UBS Group decreased their price target on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Bank of America cut their price objective on Patterson Companies from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.80.

Patterson Companies Trading Up 4.3 %

PDCO stock opened at $22.83 on Friday. Patterson Companies has a 52 week low of $19.45 and a 52 week high of $30.68. The company has a market capitalization of $2.01 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.57 and a beta of 1.00. The company’s 50-day simple moving average is $21.01 and its 200 day simple moving average is $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.30.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. Patterson Companies had a return on equity of 19.87% and a net margin of 2.58%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. As a group, sell-side analysts anticipate that Patterson Companies will post 2.32 earnings per share for the current year.

Patterson Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Wednesday, October 16th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Friday, October 18th. Patterson Companies’s dividend payout ratio (DPR) is currently 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.