Patterson Companies (PDCO) Getting Somewhat Favorable Media Coverage, Report Finds
Headlines about Patterson Companies (NASDAQ:PDCO) have trended somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Patterson Companies earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.2779112526893 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Patterson Companies, Inc. (PDCO) Earns Equal Weight Rating from Analysts at Morgan Stanley (americanbankingnews.com)
- RBC Capital Starts Coverage on Patterson Companies, Inc. (PDCO) With A Rating Of “Sector Perform” – First News 24 (firstnewspaper24.com)
- Patterson Companies, Inc. (PDCO) Declares $0.26 Quarterly Dividend (americanbankingnews.com)
- Patterson Companies, Inc. (PDCO) Coverage Initiated by Analysts at Royal Bank Of Canada (americanbankingnews.com)
- Swings under Technical Examination: TransUnion (NYSE:TRU), Patterson Companies, Inc. (NASDAQ:PDCO) – HiTechFacts (hitechfacts.com)
Shares of Patterson Companies (PDCO) opened at 37.12 on Friday. The company has a 50-day moving average of $38.25 and a 200-day moving average of $43.09. The firm has a market cap of $3.47 billion, a P/E ratio of 21.57 and a beta of 0.97. Patterson Companies has a 12 month low of $35.93 and a 12 month high of $49.26.
Patterson Companies (NASDAQ:PDCO) last posted its earnings results on Thursday, August 24th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. Patterson Companies had a net margin of 2.37% and a return on equity of 8.90%. Patterson Companies’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. Equities analysts forecast that Patterson Companies will post $2.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, October 12th. Patterson Companies’s payout ratio is 60.47%.
Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Patterson Companies in a research note on Tuesday. They set a “sector perform” rating and a $42.00 target price for the company. Morgan Stanley assumed coverage on shares of Patterson Companies in a research note on Thursday. They set an “equal weight” rating and a $42.00 target price for the company. Cleveland Research reiterated a “hold” rating on shares of Patterson Companies in a research note on Tuesday, August 22nd. Stifel Nicolaus decreased their target price on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Tuesday, August 15th. Finally, BidaskClub downgraded shares of Patterson Companies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.73.
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In other Patterson Companies news, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $42.40, for a total transaction of $31,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.
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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