Patterson Companies (NASDAQ:PDCO) Updates FY25 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.33-$2.43 for the period, compared to the consensus EPS estimate of $2.37. Patterson Companies also updated its FY 2025 guidance to 2.330-2.430 EPS.

Analyst Upgrades and Downgrades

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

Patterson Companies Price Performance

Patterson Companies stock opened at $23.00 on Wednesday. The business’s 50 day simple moving average is $24.66 and its 200 day simple moving average is $25.57. Patterson Companies has a 12 month low of $22.29 and a 12 month high of $33.87. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.32 and a beta of 1.06. 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 issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Patterson Companies had a net margin of 2.83% and a return on equity of 20.80%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. Sell-side analysts forecast that Patterson Companies will post 2.36 EPS for the current year.

Patterson Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 19th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.52%. Patterson Companies’s dividend payout ratio is currently 52.00%.

Insider Transactions at Patterson Companies

In other news, CEO Donald Zurbay sold 7,216 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.99, for a total value of $180,327.84. Following the transaction, the chief executive officer now owns 230,072 shares of the company’s stock, valued at $5,749,499.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Kevin Michael Barry sold 1,216 shares of Patterson Companies stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $23.72, for a total value of $28,843.52. Following the sale, the chief financial officer now directly owns 41,605 shares in the company, valued at approximately $986,870.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Donald Zurbay sold 7,216 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $24.99, for a total value of $180,327.84. Following the transaction, the chief executive officer now owns 230,072 shares in the company, valued at approximately $5,749,499.28. The disclosure for this sale can be found here. Insiders sold 17,149 shares of company stock valued at $415,851 over the last three months. Company insiders own 1.50% of the company’s stock.

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.