Patterson Companies, Inc. Announces Quarterly Dividend of $0.26 (PDCO)
Patterson Companies, Inc. (NASDAQ:PDCO) announced a quarterly dividend on Tuesday, June 13th, RTT News reports. Shareholders of record on Friday, July 14th will be given a dividend of 0.26 per share on Friday, July 28th. This represents a $1.04 annualized dividend and a yield of 2.23%.
Patterson Companies (NASDAQ:PDCO) traded up 0.86% during midday trading on Tuesday, reaching $46.69. 657,514 shares of the company’s stock traded hands. Patterson Companies has a 1-year low of $36.46 and a 1-year high of $50.05. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 26.08 and a beta of 0.98. The stock’s 50 day moving average price is $44.51 and its 200 day moving average price is $43.17.
Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. Patterson Companies had a return on equity of 15.94% and a net margin of 3.06%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. Equities research analysts anticipate that Patterson Companies will post $2.32 EPS for the current year.
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In related news, insider Ann B. Gugino sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $43.83, for a total value of $32,872.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.46% of the company’s stock.
PDCO has been the subject of several analyst reports. Credit Suisse Group reaffirmed a “hold” rating and set a $45.00 price objective on shares of Patterson Companies in a research note on Wednesday, March 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 price objective on shares of Patterson Companies in a research note on Wednesday, March 29th. Zacks Investment Research downgraded Patterson Companies from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Craig Hallum initiated coverage on Patterson Companies in a research note on Tuesday, April 11th. They set a “hold” rating for the company. Finally, Evercore ISI downgraded Patterson Companies from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Patterson Companies currently has an average rating of “Hold” and a consensus price target of $43.63.
Patterson Companies Company Profile
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
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