Patterson Companies, Inc. (NASDAQ:PDCO) declared a quarterly dividend on Tuesday, December 12th, RTT News reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.26 per share on Friday, January 26th. This represents a $1.04 dividend on an annualized basis and a yield of 2.91%.
Shares of Patterson Companies (PDCO) traded up $0.28 during mid-day trading on Wednesday, reaching $35.79. The company’s stock had a trading volume of 948,300 shares, compared to its average volume of 1,309,377. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. Patterson Companies has a one year low of $32.07 and a one year high of $48.29. The firm has a market cap of $3,367.20, a price-to-earnings ratio of 15.99, a PEG ratio of 2.03 and a beta of 0.95.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $0.56 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. analysts predict that Patterson Companies will post 2.06 EPS for the current year.
PDCO has been the subject of a number of analyst reports. Zacks Investment Research upgraded Patterson Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Piper Jaffray Companies initiated coverage on Patterson Companies in a research report on Thursday, October 19th. They set a “neutral” rating and a $41.00 price target on the stock. UBS raised Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research report on Friday, August 25th. Stifel Nicolaus raised Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a research report on Wednesday, November 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 target price on shares of Patterson Companies in a research report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Patterson Companies has a consensus rating of “Hold” and an average target price of $40.40.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/13/patterson-companies-inc-pdco-to-issue-quarterly-dividend-of-0-26.html.
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.
What are top analysts saying about Patterson Companies? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Patterson Companies and related companies.