Media stories about Patterson Companies (NASDAQ:PDCO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Patterson Companies earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.8122363297651 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Shares of Patterson Companies (PDCO) opened at $31.21 on Wednesday. Patterson Companies has a 52-week low of $28.77 and a 52-week high of $48.29. The stock has a market cap of $3,143.42, a PE ratio of 18.69, a PEG ratio of 1.85 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.10.
Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. sell-side analysts forecast that Patterson Companies will post 2.11 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.04 dividend on an annualized basis and a yield of 3.33%. Patterson Companies’s payout ratio is presently 62.28%.
Several analysts recently commented on PDCO shares. Zacks Investment Research upgraded shares of Patterson Companies from a “sell” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, January 23rd. Robert W. Baird reiterated a “buy” rating and issued a $44.00 target price on shares of Patterson Companies in a research report on Friday, November 10th. Deutsche Bank began coverage on shares of Patterson Companies in a research report on Friday, December 8th. They issued a “hold” rating and a $37.00 target price on the stock. Stifel Nicolaus upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Wednesday, November 15th. Finally, Jefferies Group reiterated a “hold” rating and issued a $37.00 target price on shares of Patterson Companies in a research report on Thursday, November 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Patterson Companies has a consensus rating of “Hold” and an average price target of $40.29.
In other Patterson Companies news, Director John D. Buck purchased 2,834 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $34.93 per share, for a total transaction of $98,991.62. Following the completion of the transaction, the director now owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $36.38, for a total transaction of $27,285.00. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.
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Patterson Companies Company Profile
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
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