Patterson Companies (NASDAQ:PDCO) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Patterson Companies (NASDAQ:PDCO) posted its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08), Briefing.com reports. Patterson Companies had a return on equity of 20.80% and a net margin of 2.83%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the business posted $0.40 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Patterson Companies updated its FY 2025 guidance to 2.330-2.430 EPS and its FY25 guidance to $2.33-$2.43 EPS.

Patterson Companies Price Performance

Shares of PDCO stock opened at $23.00 on Wednesday. The company’s 50-day simple moving average is $24.66 and its two-hundred day simple moving average is $25.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.75. Patterson Companies has a one year low of $22.29 and a one year high of $33.87. The company has a market capitalization of $2.02 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.32 and a beta of 1.06.

Patterson Companies Announces Dividend

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

Insider Activity

In other Patterson Companies news, insider Les B. Korsh sold 2,842 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $23.71, for a total value of $67,383.82. Following the completion of the sale, the insider now directly owns 103,765 shares in the company, valued at approximately $2,460,268.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Les B. Korsh sold 2,842 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $23.71, for a total value of $67,383.82. Following the completion of the sale, the insider now owns 103,765 shares in the company, valued at approximately $2,460,268.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin Michael Barry sold 1,216 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $23.72, for a total transaction of $28,843.52. Following the transaction, the chief financial officer now owns 41,605 shares in the company, valued at $986,870.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,149 shares of company stock valued at $415,851. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PDCO. Bank of America lowered their target price on Patterson Companies from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. JPMorgan Chase & Co. reduced their target price on Patterson Companies from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Morgan Stanley reduced their target price on shares of Patterson Companies from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, June 20th. Evercore ISI reduced their price objective on Patterson Companies from $27.00 to $25.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 9th. Finally, StockNews.com cut Patterson Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Seven 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 currently has an average rating of “Hold” and an average target price of $30.00.

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.