Patterson Companies, Inc. (PDCO) to Issue Quarterly Dividend of $0.26 on October 27th
Patterson Companies, Inc. (NASDAQ:PDCO) announced a quarterly dividend on Tuesday, September 19th, RTT News reports. Shareholders of record on Friday, October 13th will be paid a dividend of 0.26 per share on Friday, October 27th. This represents a $1.04 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, October 12th.
Shares of Patterson Companies (PDCO) opened at 36.90 on Wednesday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 21.44 and a beta of 0.97. The firm has a 50 day moving average price of $38.23 and a 200 day moving average price of $42.37. Patterson Companies has a 52 week low of $35.93 and a 52 week high of $49.26.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. Equities analysts forecast that Patterson Companies will post $2.29 EPS for the current year.
PDCO has been the topic of a number of recent research reports. Royal Bank Of Canada initiated coverage on Patterson Companies in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $42.00 target price on the stock. Cleveland Research reaffirmed a “hold” rating on shares of Patterson Companies in a report on Tuesday, August 22nd. Stifel Nicolaus decreased their target price on Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Tuesday, August 15th. UBS AG raised Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a report on Friday, August 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 target price on shares of Patterson Companies in a report on Tuesday, September 26th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Patterson Companies has an average rating of “Hold” and an average target price of $41.70.
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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