As of close of business last night, Patterson Companies Inc.’s stock clocked out at $26.36, down -0.68% from its previous closing price of $26.54. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 564603 shares were traded.
Ratios:
To gain a deeper understanding of PDCO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on February 29, 2024, Downgraded its rating to Neutral and sets its target price to $28 from $34 previously.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $36.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 19 ’23 when BARRY KEVIN MICHAEL sold 560 shares for $27.18 per share. The transaction valued at 15,221 led to the insider holds 21,674 shares of the business.
Zurbay Donald sold 1,868 shares of PDCO for $49,651 on Dec 06 ’23. The President & CEO now owns 141,923 shares after completing the transaction at $26.58 per share. On Dec 01 ’23, another insider, BARRY KEVIN MICHAEL, who serves as the Chief Financial Officer of the company, sold 1,627 shares for $25.36 each. As a result, the insider received 41,261 and left with 23,103 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PDCO now has a Market Capitalization of 2.36B and an Enterprise Value of 3.13B. As of this moment, Patterson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.00, and their Forward P/E ratio for the next fiscal year is 10.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 2.44. Its current Enterprise Value per Revenue stands at 0.48 whereas that against EBITDA is 8.15.
Stock Price History:
Over the past 52 weeks, PDCO has reached a high of $34.53, while it has fallen to a 52-week low of $25.00. The 50-Day Moving Average of the stock is 28.09, while the 200-Day Moving Average is calculated to be 29.93.
Shares Statistics:
It appears that PDCO traded 1.12M shares on average per day over the past three months and 572.74k shares per day over the past ten days. A total of 96.35M shares are outstanding, with a floating share count of 79.76M. Insiders hold about 10.97% of the company’s shares, while institutions hold 87.52% stake in the company. Shares short for PDCO as of Mar 15, 2024 were 3.04M with a Short Ratio of 2.72, compared to 3.18M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.39% and a Short% of Float of 4.38%.
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 3.92%, it implies a Forward Annual Dividend Yield of 3.74%. The stock’s 5-year Average Dividend Yield is 4.03. The current Payout Ratio is 49.01% for PDCO, which recently paid a dividend on May 03, 2024 with an ex-dividend date of Apr 18, 2024. Stock splits for the company last occurred on Oct 25, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 11 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.84 for the current quarter, with a high estimate of $0.85 and a low estimate of $0.82, while EPS last year was $0.84. The consensus estimate for the next quarter is $0.44, with high estimates of $0.57 and low estimates of $0.4.
Analysts are recommending an EPS of between $2.34 and $2.3 for the fiscal current year, implying an average EPS of $2.32. EPS for the following year is $2.46, with 12 analysts recommending between $2.66 and $2.4.
Revenue Estimates
In the current quarter, 10 analysts expect revenue to total $1.72B. It ranges from a high estimate of $1.75B to a low estimate of $1.67B. As of the current estimate, Patterson Companies Inc.’s year-ago sales were $1.72B, an estimated decrease of -0.30% from the year-ago figure.
A total of 12 analysts have provided revenue estimates for PDCO’s current fiscal year. The highest revenue estimate was $6.62B, while the lowest revenue estimate was $6.51B, resulting in an average revenue estimate of $6.56B. In the same quarter a year ago, actual revenue was $6.47B, up 1.40% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $6.76B in the next fiscal year. The high estimate is $6.85B and the low estimate is $6.64B. The average revenue growth estimate for next year is up 3.00% from the average revenue estimate for this year.
