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Patterson Companies, Inc. (PDCO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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30.67+1.27 (+4.32%)
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Commodity Channel Index

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Previous Close29.40
Bid31.00 x 800
Ask31.15 x 800
Day's Range29.56 - 31.34
52 Week Range12.93 - 36.88
Avg. Volume835,132
Market Cap2.964B
Beta (5Y Monthly)1.61
PE Ratio (TTM)N/A
EPS (TTM)-5.05
Earnings DateMar 03, 2021
Forward Dividend & Yield1.04 (3.54%)
Ex-Dividend DateJan 14, 2021
1y Target Est33.46
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • A Look Into Patterson Companies Debt

    A Look Into Patterson Companies Debt

    Over the past three months, shares of Patterson Companies (NASDAQ:PDCO) fell by 8.79%. Before having a look at the importance of debt, let us look at how much debt Patterson Companies has. Patterson Companies's Debt Based on Patterson Companies's financial statement as of March 3, 2021, long-term debt is at $487.85 million and current debt is at $208.75 million, amounting to $696.60 million in total debt. Adjusted for $155.96 million in cash-equivalents, the company's net debt is at $540.64 million. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Patterson Companies's $2.85 billion in total assets, the debt-ratio is at 0.24. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 40% might be higher for one industry and average for another. Why Debt Is Important Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives. However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from BenzingaRecap: Patterson Companies Q3 EarningsEarnings Scheduled For March 3, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Patterson’s 3Q Results Beat The Street Consensus; Shares Dip 7%

    Patterson’s 3Q Results Beat The Street Consensus; Shares Dip 7%

    Patterson Cos., a dental and animal health products seller reported better-than-expected fiscal 3Q earnings, driven by higher net sales and improved margins. However, shares closed 6.7% lower on March 3, as the company did not provide 4Q guidance citing the continued uncertainty related to the COVID-19 pandemic. Patterson (PDCO) reported 3Q adjusted earnings of $0.58 per share that surpassed analysts’ expectations of $0.51 and jumped 23.4% year-over-year. Adjusted net sales of $1.55 billion beat the Street’s estimates of $1.5 billion and increased 6.9% from the year-ago period. The company’s dental segment reported a 3.6% year-over-year rise in internal sales in the quarter, driven by growth in consumables. Internal sales growth in the animal health segment was 10%. The adjusted operating margin was 4.6%, up 30 basis points. Patterson CEO Mark Walchirk commented, “Looking ahead, we remain confident about our strengthened position in each of our end markets and in Patterson’s long-term value creation potential.” (See Patterson stock analysis on TipRanks) Following the fiscal 3Q results, Piper Sandler analyst Jason Bednar increased the stock’s price target to $34 (13% upside potential) from $33 citing “another quarter of solid execution,” which he “identifies as a sixth consecutive quarter of upside compared to consensus revenue and EPS estimates.” However, Bednar reiterated a Hold rating amid “lingering uncertainty.” The rest of the Street is sidelined on the stock with a Hold consensus rating based on 1 Buy, 3 Holds, and 1 Sell. The average analyst price target of $33.80 implies about 12% upside potential to current levels. Shares have jumped about 26% over the past year. According to TipRanks’ Smart Score system, Patterson gets a 5 out of 10, which indicates that the stock is likely to perform in line with market averages. Related News: Nektar Posts Better-Than-Feared Quarterly Loss, Misses On Revenues Domino’s 4Q Results Miss Analysts’ Expectations; Shares Tank 7% Sage Posts Surprise Quarterly Profit As Sales Surge; Shares Pop 6% More recent articles from Smarter Analyst: Green Thumb Inks Partnership For Cannabis-Infused Drinks; Street Is Bullish Wendy’s Drops 5.5% After 4Q Earnings Miss Analysts’ Estimates Splunk’s 4Q Results Top Wall Street Estimates; Shares Jump 5.1% Yext Tumbles Over 15% On Disappointing Revenue Outlook