Patterson Companies (NASDAQ:PDCO) Releases FY 2025 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.330-2.430 for the period, compared to the consensus estimate of 2.360. The company issued revenue guidance of -. Patterson Companies also updated its FY25 guidance to $2.33-$2.43 EPS.

Analyst Ratings Changes

A number of brokerages recently issued reports on PDCO. StockNews.com lowered Patterson Companies from a buy rating to a hold rating in a research report on Saturday, June 1st. Evercore ISI dropped their target price on Patterson Companies from $27.00 to $25.00 and set an in-line rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their target price on Patterson Companies from $30.00 to $29.00 and set a neutral rating on the stock in a research report on Thursday, June 20th. Morgan Stanley lowered their price target on Patterson Companies from $30.00 to $28.00 and set an equal weight rating on the stock in a research report on Thursday, June 20th. Finally, Bank of America lowered their price target 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $30.00.

Patterson Companies Stock Performance

Shares of NASDAQ PDCO opened at $25.69 on Wednesday. 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 has a 12 month low of $22.29 and a 12 month high of $33.90. The stock has a 50 day moving average of $24.66 and a 200-day moving average of $25.57. The company has a market capitalization of $2.25 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.32 and a beta of 1.06.

Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Wednesday, August 28th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.08). 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 for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Patterson Companies will post 2.36 EPS for the current year.

Patterson Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, July 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.05%. Patterson Companies’s dividend payout ratio is currently 52.00%.

Insider Transactions at Patterson Companies

In other news, insider Les B. Korsh sold 2,842 shares of Patterson Companies stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $23.71, for a total transaction of $67,383.82. Following the completion of the transaction, the insider now directly owns 103,765 shares in the company, valued at approximately $2,460,268.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Les B. Korsh sold 2,842 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Donald Zurbay sold 5,875 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $23.71, for a total value of $139,296.25. Following the completion of the sale, the chief executive officer now owns 237,288 shares of the company’s stock, valued at $5,626,098.48. The disclosure for this sale can be found here. In the last three months, insiders sold 17,149 shares of company stock worth $415,851. 1.50% of the stock is owned by company insiders.

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.