Somewhat Favorable News Coverage Somewhat Unlikely to Impact Patterson Companies (PDCO) Stock Price
Headlines about Patterson Companies (NASDAQ:PDCO) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Patterson Companies earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1904843677749 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Patterson Cos., Inc. :PDCO-US: Earnings Analysis: Q1, 2018 By the Numbers : September 8, 2017 (finance.yahoo.com)
- $0.54 EPS Expected for Patterson Companies, Inc. (PDCO) This Quarter (americanbankingnews.com)
- Placing the Spotlight on Patterson Companies Inc (PDCO): Technical Stock Update – Financial News Review (finnewsreview.com)
- Patterson Companies, Inc. (PDCO) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Patterson Companies, Inc. (PDCO) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Patterson Companies (PDCO) opened at 39.37 on Friday. The firm’s 50-day moving average price is $38.99 and its 200 day moving average price is $43.44. Patterson Companies has a one year low of $35.93 and a one year high of $49.26. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.88 and a beta of 0.97.
Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, August 24th. The company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. On average, equities research analysts expect that Patterson Companies will post $2.29 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on PDCO shares. TheStreet lowered Patterson Companies from a “b-” rating to a “c” rating in a report on Thursday, August 24th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $50.00 target price (up from $45.00) on shares of Patterson Companies in a report on Thursday, July 13th. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub raised Patterson Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Finally, UBS AG lowered Patterson Companies from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $44.50 to $40.00 in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Patterson Companies presently has an average rating of “Hold” and an average target price of $42.89.
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In other Patterson Companies news, Director Scott P. Anderson sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total transaction of $467,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $42.40, for a total transaction of $31,800.00. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.
About Patterson Companies
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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