Patterson Companies (NASDAQ:PDCO) Issues FY25 Earnings Guidance

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com cut Patterson Companies from a buy rating to a hold rating in a research report on Saturday, June 1st. Robert W. Baird cut their price target on shares of Patterson Companies from $30.00 to $28.00 and set a neutral rating for the company in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of Patterson Companies from $29.00 to $26.00 and set a neutral rating on the stock in a research note on Thursday. Morgan Stanley decreased 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 cut their price objective on Patterson Companies from $31.00 to $29.00 and set a buy rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $28.89.

Patterson Companies Stock Performance

Shares of NASDAQ:PDCO opened at $22.47 on Friday. Patterson Companies has a 1-year low of $21.56 and a 1-year high of $32.58. The business has a 50-day moving average price of $24.57 and a two-hundred day moving average price of $25.53. The company has a current ratio of 1.33, a quick ratio of 0.75 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.97 billion, a P/E ratio of 11.23, a P/E/G ratio of 2.32 and a beta of 1.06.

Patterson Companies (NASDAQ:PDCO) last released its 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.59 billion. Patterson Companies had a return on equity of 20.80% and a net margin of 2.83%. Patterson Companies’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Equities analysts predict that Patterson Companies will post 2.36 earnings per share for the current year.

Patterson Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were given 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 4.63%. Patterson Companies’s payout ratio is currently 52.00%.

Insider Activity at Patterson Companies

In other news, CEO Donald Zurbay sold 5,875 shares of Patterson Companies stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $23.71, for a total transaction of $139,296.25. Following the transaction, the chief executive officer now directly owns 237,288 shares of the company’s stock, valued at $5,626,098.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Les B. Korsh sold 2,842 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were 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 of the company’s stock, 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 hyperlink. Also, CEO Donald Zurbay sold 5,875 shares of Patterson Companies stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $23.71, for a total transaction of $139,296.25. Following the completion of the sale, the chief executive officer now owns 237,288 shares in the company, valued at $5,626,098.48. The disclosure for this sale can be found here. Insiders have sold 17,149 shares of company stock worth $415,851 in the last ninety days. Company insiders own 1.50% of the company’s stock.

About Patterson Companies

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.