Patterson Companies, Inc. (NASDAQ:PDCO) announced a quarterly dividend on Monday, June 22nd, RTT News reports. Investors of record on Friday, July 17th will be given a dividend of 0.26 per share on Friday, July 31st. This represents a $1.04 annualized dividend and a yield of 4.52%. The ex-dividend date is Thursday, July 16th.

Patterson Companies has a dividend payout ratio of 77.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Patterson Companies to earn $1.68 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 61.9%.

Shares of NASDAQ PDCO opened at $22.99 on Tuesday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -3.69, a PEG ratio of 2.51 and a beta of 1.56. Patterson Companies has a 52 week low of $12.93 and a 52 week high of $25.70. The company’s 50-day moving average price is $20.53 and its 200 day moving average price is $19.76. The company has a current ratio of 1.44, a quick ratio of 0.68 and a debt-to-equity ratio of 0.76.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Wednesday, June 24th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.26. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Patterson Companies had a negative net margin of 10.72% and a positive return on equity of 11.20%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. As a group, research analysts expect that Patterson Companies will post 1.35 earnings per share for the current year.

Several brokerages have recently weighed in on PDCO. Zacks Investment Research lowered shares of Patterson Companies from a “hold” rating to a “sell” rating and set a $22.00 price objective on the stock. in a report on Wednesday, June 3rd. Goldman Sachs Group upgraded shares of Patterson Companies from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $11.00 to $21.00 in a report on Thursday, June 25th. Wolfe Research upgraded shares of Patterson Companies from an “underperform” rating to a “market perform” rating in a report on Thursday, April 2nd. TheStreet lowered shares of Patterson Companies from a “c” rating to a “d+” rating in a report on Wednesday, June 24th. Finally, Barclays reissued a “sell” rating and set a $16.00 target price on shares of Patterson Companies in a research report on Friday, March 20th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Patterson Companies has an average rating of “Hold” and an average price target of $22.11.

Patterson Companies Company Profile

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

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Dividend History for Patterson Companies (NASDAQ:PDCO)

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