Patterson Companies (PDCO) Earning Favorable Press Coverage, Analysis Finds
Media headlines about Patterson Companies (NASDAQ:PDCO) have been trending positive recently, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One 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 coverage optimism score of 0.31 on Alpha One’s scale. Alpha One also gave news headlines about the company an impact score of 90 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected AlphaOne Sentiment’s rankings:
- 5 Reasons Investors Should Own More Mid-Cap Stocks (seekingalpha.com)
- Patterson Cos., Inc. : PDCO-US: Dividend Analysis : April 14th, 2017 (record date) : By the numbers : April 17, 2017 (finance.yahoo.com)
- Patterson Companies, Inc. (PDCO) Lifted to Outperform at Robert W. Baird (americanbankingnews.com)
- Patterson : placed on Honor Roll with Special Distinction for 2016 Minnesota Census of Women in Corporate Leadership. (4-traders.com)
- Patterson Companies (PDCO) Receives Coverage Optimism Score of 0.56 (americanbankingnews.com)
A number of equities research analysts have commented on PDCO shares. Robert W. Baird raised Patterson Companies from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $38.00 to $47.00 in a research note on Tuesday, January 3rd. Zacks Investment Research raised Patterson Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 24th. Stifel Nicolaus reissued a “hold” rating and issued a $39.00 price objective on shares of Patterson Companies in a research note on Monday, January 30th. Credit Suisse Group AG reissued a “hold” rating and issued a $45.00 price objective on shares of Patterson Companies in a research note on Wednesday, March 1st. Finally, Evercore ISI cut Patterson Companies from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.71.
Shares of Patterson Companies (NASDAQ:PDCO) traded down 0.41% on Tuesday, hitting $43.70. The company had a trading volume of 409,544 shares. The stock has a market capitalization of $4.14 billion, a PE ratio of 23.98 and a beta of 0.87. Patterson Companies has a 52 week low of $36.46 and a 52 week high of $50.40. The firm’s 50 day moving average price is $44.80 and its 200-day moving average price is $43.36.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business earned $1.40 billion during the quarter, compared to analyst estimates of $1.43 billion. Patterson Companies had a return on equity of 17.17% and a net margin of 3.69%. Patterson Companies’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. Analysts forecast that Patterson Companies will post $2.30 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be given a dividend of $0.26 per share. This is a positive change from Patterson Companies’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, April 11th. This represents a $1.04 dividend on an annualized basis and a yield of 2.38%. Patterson Companies’s dividend payout ratio is presently 44.65%.
In other Patterson Companies news, Director James W. Wiltz sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $44.52, for a total transaction of $222,600.00. Following the completion of the transaction, the director now owns 51,735 shares of the company’s stock, valued at approximately $2,303,242.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen A. Rudnick sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $45.70, for a total value of $137,100.00. Following the transaction, the director now directly owns 42,235 shares of the company’s stock, valued at approximately $1,930,139.50. The disclosure for this sale can be found here. Insiders have sold a total of 58,000 shares of company stock valued at $2,627,800 in the last ninety days. 0.46% of the stock is currently owned by corporate insiders.
About Patterson Companies
Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.
Receive News & Ratings for Patterson Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.