Patterson Companies (PDCO) Announces Quarterly Dividend of $0.16
Patterson Companies (NASDAQ:PDCO) announced a quarterly dividend on Tuesday, March 19th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.16 per share on Tuesday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.71%.
A number of analysts have recently weighed in on PDCO shares. Analysts at UBS AG upgraded shares of Patterson Companies from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $43.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Patterson Companies in a research note to investors on Friday. They now have a $39.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Patterson Companies in a research note to investors on Monday, February 25th. They now have a $38.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Patterson Companies currently has a consensus rating of “Hold” and a consensus target price of $37.39.
Patterson Companies (NASDAQ: PDCO) traded up 1.49% on Tuesday, hitting $37.57. Patterson Companies has a 1-year low of $30.82 and a 1-year high of $37.66. The stock’s 50-day moving average is currently $36.73. The company has a market cap of $3.837 billion and a price-to-earnings ratio of 18.54.
Patterson Companies (NASDAQ: PDCO) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $915.86 million for the quarter, compared to the consensus estimate of $907.54 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Patterson Companies will post $2.05 EPS for the current fiscal year.
Patterson Companies, Inc. (NASDAQ: PDCO) is a distributor serving three markets: North American dental supply, U.
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