Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Patterson Companies (PDCO) Share Price

News articles about Patterson Companies (NASDAQ:PDCO) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern 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 0.20 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.5287962716004 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Patterson Companies (PDCO) traded up $0.45 on Thursday, reaching $31.66. 1,261,900 shares of the company’s stock were exchanged, compared to its average volume of 1,416,711. Patterson Companies has a one year low of $28.77 and a one year high of $48.29. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2,959.46, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89.

Patterson Companies (NASDAQ:PDCO) last released its earnings results on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. analysts predict that Patterson Companies will post 2.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, January 11th. This represents a $1.04 annualized dividend and a yield of 3.28%. Patterson Companies’s dividend payout ratio is presently 62.28%.

A number of equities analysts have recently commented on PDCO shares. JPMorgan Chase & Co. lowered shares of Patterson Companies from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $40.00 to $36.00 in a research report on Thursday. BidaskClub lowered shares of Patterson Companies from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Robert W. Baird reissued a “buy” rating and set a $44.00 price objective on shares of Patterson Companies in a report on Friday, November 10th. Zacks Investment Research raised shares of Patterson Companies from a “sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Tuesday, January 23rd. Finally, Evercore ISI assumed coverage on shares of Patterson Companies in a report on Thursday, January 4th. They issued an “in-line” rating and a $38.50 price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $39.96.

In related news, insider Ann B. Gugino sold 750 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $36.38, for a total transaction of $27,285.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John D. Buck acquired 2,834 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average cost of $34.93 per share, with a total value of $98,991.62. Following the purchase, the director now owns 54,627 shares in the company, valued at approximately $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by corporate insiders.

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About Patterson Companies

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.

Insider Buying and Selling by Quarter for Patterson Companies (NASDAQ:PDCO)

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