Patterson Companies (NASDAQ:PDCO) Issues FY 2022 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $1.900-$2.050 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.100. The company issued revenue guidance of -.

A number of research firms have recently commented on PDCO. Robert W. Baird cut their target price on shares of Patterson Companies from $37.00 to $35.00 and set a neutral rating for the company in a research note on Thursday, June 24th. TheStreet upgraded Patterson Companies from a c rating to a b rating in a research note on Wednesday, June 23rd. Finally, Piper Sandler decreased their target price on Patterson Companies from $44.00 to $41.00 and set an overweight rating on the stock in a research report on Wednesday, June 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Patterson Companies presently has an average rating of Hold and an average price target of $33.00.

Shares of NASDAQ:PDCO traded down $0.64 during mid-day trading on Thursday, reaching $29.85. 15,856 shares of the company were exchanged, compared to its average volume of 1,532,726. Patterson Companies has a 1 year low of $22.15 and a 1 year high of $37.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.81 and a current ratio of 1.48. The company has a 50-day moving average price of $32.86. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.46 and a beta of 1.60.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Tuesday, June 22nd. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.14). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Patterson Companies had a return on equity of 20.29% and a net margin of 2.64%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, research analysts predict that Patterson Companies will post 2.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 6th. Stockholders of record on Friday, July 23rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, July 22nd. Patterson Companies’s dividend payout ratio is currently 54.45%.

In other Patterson Companies news, VP Les B. Korsh sold 4,577 shares of the stock in a transaction dated Monday, June 14th. The stock was sold at an average price of $35.68, for a total value of $163,307.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 5,828 shares of company stock valued at $205,144. 1.30% of the stock is currently owned by company insiders.

About Patterson Companies

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; technology solutions, such as practice management software and e-commerce solutions; patient education systems; and office forms and stationery.

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

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