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

Patterson Companies (NASDAQ:PDCOGet Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.330-2.430 for the period, compared to the consensus estimate of 2.390. The company issued revenue guidance of -. Patterson Companies also updated its FY25 guidance to $2.33-$2.43 EPS.

Patterson Companies Stock Performance

Shares of Patterson Companies stock traded up $1.97 during midday trading on Tuesday, hitting $24.82. The company had a trading volume of 1,526,924 shares, compared to its average volume of 986,971. Patterson Companies has a 12-month low of $22.29 and a 12-month high of $34.53. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.89 and a beta of 1.07. The company has a fifty day simple moving average of $24.96 and a 200 day simple moving average of $26.99.

Patterson Companies (NASDAQ:PDCOGet Free Report) last posted its quarterly earnings results on Tuesday, June 18th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Patterson Companies had a return on equity of 20.98% and a net margin of 2.95%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts predict that Patterson Companies will post 2.28 earnings per share for the current fiscal year.

Patterson Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Friday, July 19th. Patterson Companies’s dividend payout ratio is presently 51.23%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. SVB Leerink started coverage on shares of Patterson Companies in a research report on Monday, February 26th. They set an outperform rating and a $36.00 price target for the company. Evercore ISI dropped their price objective on shares of Patterson Companies from $28.00 to $27.00 and set an in-line rating on the stock in a research note on Friday, April 26th. Leerink Partnrs reaffirmed an outperform rating on shares of Patterson Companies in a research note on Monday, February 26th. JPMorgan Chase & Co. dropped their price objective on shares of Patterson Companies from $31.00 to $30.00 and set a neutral rating on the stock in a research note on Wednesday, March 6th. Finally, Piper Sandler cut shares of Patterson Companies from an overweight rating to a neutral rating and dropped their price objective for the stock from $34.00 to $28.00 in a research note on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $31.67.

View Our Latest Report on Patterson Companies

Patterson Companies Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Patterson Companies (NASDAQ:PDCO)

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