Patterson Cos. Inc. (PDCO) Announces Quarterly Dividend of $0.16
Patterson Cos. (NASDAQ:PDCO) declared a quarterly dividend on Tuesday, September 10th, Analyst Ratings Network reports. Investors of record on Friday, October 11th will be given a dividend of $0.16 per share on Friday, October 25th. This represents a $0.64 dividend on an annualized basis and a yield of 1.57%.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of Patterson Cos. (NASDAQ:PDCO) from $43.00 to $47.00 in a research note to investors on Friday, August 23rd. They now have a “hold” rating on the stock. On a related note, analysts at Piper Jaffray Cos. raised their price target on shares of Patterson Cos. (NASDAQ:PDCO) from $38.00 to $40.00 in a research note to investors on Friday, August 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Patterson Cos. (NASDAQ:PDCO) from $36.00 to $40.00 in a research note to investors on Friday, August 23rd. They now have an “underperform” rating on the stock.
Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.96.
Patterson Cos. (NASDAQ:PDCO) opened at 40.65 on Wednesday. Patterson Cos. has a 1-year low of $31.36 and a 1-year high of $42.69. The stock has a 50-day moving average of $40.99 and a 200-day moving average of $38.76. The company has a market cap of $4.107 billion and a price-to-earnings ratio of 20.00.
Patterson Cos. (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.02. The company had revenue of $880.10 million for the quarter, compared to the consensus estimate of $914.57 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that Patterson Cos. will post $2.18 earnings per share for the current fiscal year.
In other Patterson Cos. news, Director Ellen A. Rudnick unloaded 12,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Patterson Companies, Inc (NASDAQ:PDCO) is a distributor serving three markets: the United States companion animal (dogs, cats and other common household pets) and equine veterinary supply, and the worldwide rehabilitation and assistive products supply market.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.