The closing price of Patterson Companies Inc. (NASDAQ: PDCO) was $25.80 for the day, up 0.23% from the previous closing price of $25.74. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 788085 shares were traded. PDCO stock price reached its highest trading level at $26.15 during the session, while it also had its lowest trading level at $25.46.
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Our analysis of PDCO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.41.
Upgrades & Downgrades
On January 31, 2022, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $30.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 05 when BARRY KEVIN MICHAEL sold 9,443 shares for $29.10 per share. The transaction valued at 274,808 led to the insider holds 6,442 shares of the business.
Zurbay Donald sold 10,180 shares of PDCO for $301,141 on Jul 06. The Chief Financial Officer now owns 78,032 shares after completing the transaction at $29.58 per share. On Jul 06, another insider, KORSH LES B, who serves as the Chief Legal Officer of the company, sold 4,889 shares for $29.64 each. As a result, the insider received 144,930 and left with 71,449 shares of the company.
As of this moment, Patterson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.88, and their Forward P/E ratio for the next fiscal year is 11.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 2.28.
Stock Price History:
Over the past 52 weeks, PDCO has reached a high of $35.29, while it has fallen to a 52-week low of $23.87. The 50-Day Moving Average of the stock is 28.52, while the 200-Day Moving Average is calculated to be 28.39.
PDCO traded an average of 619.96K shares per day over the past three months and 882.44k shares per day over the past ten days. A total of 97.33M shares are outstanding, with a floating share count of 86.49M. Insiders hold about 1.00% of the company’s shares, while institutions hold 84.00% stake in the company. Shares short for PDCO as of Jan 12, 2023 were 3.43M with a Short Ratio of 3.65M, compared to 3.43M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.54% and a Short% of Float of 5.34%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.04, PDCO has a forward annual dividend rate of 1.04. Against a Trailing Annual Dividend Yield of 4.04%, it implies a Forward Annual Dividend Yield of 3.51%. The stock’s 5-year Average Dividend Yield is 4.21. The current Payout Ratio is 51.40% for PDCO, which recently paid a dividend on Feb 02, 2023 with an ex-dividend date of Jan 18, 2023. Stock splits for the company last occurred on Oct 24, 2004 when the company split stock in a 2:1 ratio.
The firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of $0.6 for the current quarter, with a high estimate of $0.62 and a low estimate of $0.59, while EPS last year was $0.55. The consensus estimate for the next quarter is $0.73, with high estimates of $0.78 and low estimates of $0.7.
Analysts are recommending an EPS of between $2.33 and $2.25 for the fiscal current year, implying an average EPS of $2.28. EPS for the following year is $2.4, with 11 analysts recommending between $2.54 and $2.29.
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $1.69B to a low estimate of $1.59B. As of the current estimate, Patterson Companies Inc.’s year-ago sales were $1.6B, an estimated increase of 1.70% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $1.67B, an increase of 1.90% over than the figure of $1.70% in the same quarter last year. There is a high estimate of $1.76B for the next quarter, whereas the lowest estimate is $1.6B.
A total of 11 analysts have provided revenue estimates for PDCO’s current fiscal year. The highest revenue estimate was $6.6B, while the lowest revenue estimate was $6.33B, resulting in an average revenue estimate of $6.45B. In the same quarter a year ago, actual revenue was $6.5B, down -0.80% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $6.66B in the next fiscal year. The high estimate is $6.82B and the low estimate is $6.46B. The average revenue growth estimate for next year is up 3.30% from the average revenue estimate for this year.