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The closing price of Patterson Companies Inc. (NASDAQ: PDCO) was $24.89 for the day, up 2.47% from the previous closing price of $24.29. In other words, the price has increased by $2.47 from its previous closing price. On the day, 0.59 million shares were traded. PDCO stock price reached its highest trading level at $25.25 during the session, while it also had its lowest trading level at $24.57.
Ratios:
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 0.75 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.42.
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:
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 Jul 16 ’24 when Zurbay Donald sold 7,216 shares for $24.99 per share. The transaction valued at 180,328 led to the insider holds 230,072 shares of the business.
Zurbay Donald sold 5,875 shares of PDCO for $139,322 on Jul 03 ’24. The President & CEO now owns 237,288 shares after completing the transaction at $23.71 per share. On Jul 03 ’24, another insider, KORSH LES B, who serves as the CLO & Corporate Secretary of the company, sold 2,842 shares for $23.71 each. As a result, the insider received 67,398 and left with 103,765 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 2193914112 and an Enterprise Value of 2788432384. As of this moment, Patterson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.43, and their Forward P/E ratio for the next fiscal year is 9.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 0.425 whereas that against EBITDA is 7.856.
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 $22.29. The 50-Day Moving Average of the stock is 2.15%, while the 200-Day Moving Average is calculated to be -7.63%.
Shares Statistics:
PDCO traded an average of 926.29K shares per day over the past three months and 671690 shares per day over the past ten days. A total of 89.70M shares are outstanding, with a floating share count of 77.75M. Insiders hold about 11.79% of the company’s shares, while institutions hold 86.69% stake in the company. Shares short for PDCO as of 1722384000 were 3002990 with a Short Ratio of 3.24, compared to 1719532800 on 2983671. Therefore, it implies a Short% of Shares Outstanding of 3002990 and a Short% of Float of 4.52.
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 0.042815972The stock’s 5-year Average Dividend Yield is 3.97.
Earnings Estimates
Investors are keenly observing as 11.0 analysts analyze and rate the current performance of Patterson Companies Inc. (PDCO) in the stock market.The consensus estimate for the next quarter is $0.55, with high estimates of $0.59 and low estimates of $0.5.
Analysts are recommending an EPS of between $2.42 and $2.34 for the fiscal current year, implying an average EPS of $2.37. EPS for the following year is $2.57, with 11.0 analysts recommending between $2.63 and $2.48.
Revenue Estimates
For the next quarter, 9 analysts are estimating revenue of $1.69B. There is a high estimate of $1.71B for the next quarter, whereas the lowest estimate is $1.68B.
A total of 11 analysts have provided revenue estimates for PDCO’s current fiscal year. The highest revenue estimate was $6.79B, while the lowest revenue estimate was $6.64B, resulting in an average revenue estimate of $6.73B. In the same quarter a year ago, actual revenue was $6.57BBased on 11 analysts’ estimates, the company’s revenue will be $6.95B in the next fiscal year. The high estimate is $7.05B and the low estimate is $6.86B.
