Patterson Companies (PDCO) Given News Sentiment Rating of 0.11
Press coverage about Patterson Companies (NASDAQ:PDCO) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Patterson Companies earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.6413142764925 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Stock’s Buzzers- Cleveland-Cliffs Inc. (NYSE:CLF), Patterson Companies, Inc. (NASDAQ:PDCO), America Movil, SAB … – Market Breaking Point (press release) (journalfinance.net)
- Robert W. Baird Reaffirms Buy Rating for Patterson Companies, Inc. (PDCO) (americanbankingnews.com)
- PATTERSON COMPANIES, INC. (NASDAQ:PDCO) Files An 8-K Submission of Matters to a Vote of Security Holders (4-traders.com)
- Patterson Companies, Inc. (NASDAQ:PDCO) Sees Unusual Trading Volume in Its Shares – First News 24 (firstnewspaper24.com)
- Patterson Companies, Inc. (PDCO) Earns Equal Weight Rating from Analysts at Morgan Stanley (americanbankingnews.com)
A number of research firms recently weighed in on PDCO. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Patterson Companies in a report on Tuesday. Morgan Stanley began coverage on shares of Patterson Companies in a report on Thursday, September 21st. They issued an “equal weight” rating and a $42.00 price objective on the stock. Stifel Nicolaus dropped their price objective on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Tuesday, August 15th. Cleveland Research reaffirmed a “hold” rating on shares of Patterson Companies in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada began coverage on shares of Patterson Companies in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $42.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.45.
Patterson Companies (NASDAQ:PDCO) opened at 39.11 on Thursday. The firm has a market cap of $3.65 billion, a PE ratio of 22.73 and a beta of 0.97. Patterson Companies has a 1-year low of $35.93 and a 1-year high of $49.26. The firm’s 50-day moving average is $38.25 and its 200 day moving average is $43.09.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that Patterson Companies will post $2.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.26 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.66%. Patterson Companies’s dividend payout ratio is 60.47%.
In related news, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $42.40, for a total value of $31,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company’s stock.
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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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