A new trading day began on Monday, with Patterson Companies Inc (NASDAQ: PDCO) stock price up 5.82% from the previous day of trading, before settling in for the closing price of $19.75. PDCO’s price has ranged from $19.45 to $32.58 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 3.43% over the past five years. Meanwhile, its annual earnings per share averaged 0.82%. With a float of $77.73 million, this company’s outstanding shares have now reached $89.70 million.
Let’s look at the performance matrix of the company that is accounted for 7600 employees. In terms of profitability, gross margin is 21.03%, operating margin of 3.78%, and the pretax margin is 3.37%.
Patterson Companies Inc (PDCO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Distribution Industry. The insider ownership of Patterson Companies Inc is 11.81%, while institutional ownership is 87.22%. The most recent insider transaction that took place on Jul 16 ’24, was worth 180,328. In this transaction President & CEO of this company sold 7,216 shares at a rate of $24.99, taking the stock ownership to the 230,072 shares. Before that another transaction happened on Jul 03 ’24, when Company’s President & CEO sold 5,875 for $23.71, making the entire transaction worth $139,322. This insider now owns 237,288 shares in total.
Patterson Companies Inc (PDCO) Latest Financial update
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 0.5 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.82% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.83% during the next five years compared to 17.28% growth over the previous five years of trading.
Patterson Companies Inc (NASDAQ: PDCO) Trading Performance Indicators
Here are Patterson Companies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.83, a number that is poised to hit 0.49 in the next quarter and is forecasted to reach 2.52 in one year’s time.
Technical Analysis of Patterson Companies Inc (PDCO)
Patterson Companies Inc (NASDAQ: PDCO) saw its 5-day average volume 0.99 million, a positive change from its year-to-date volume of 0.94 million. As of the previous 9 days, the stock’s Stochastic %D was 20.60%. Additionally, its Average True Range was 0.65.
During the past 100 days, Patterson Companies Inc’s (PDCO) raw stochastic average was set at 19.88%, which indicates a significant decrease from 49.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.57% in the past 14 days, which was higher than the 37.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.06, while its 200-day Moving Average is $24.37. Nevertheless, the first resistance level for the watch stands at $21.31 in the near term. At $21.72, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.48. If the price goes on to break the first support level at $20.14, it is likely to go to the next support level at $19.39. The third support level lies at $18.98 if the price breaches the second support level.
Patterson Companies Inc (NASDAQ: PDCO) Key Stats
With a market capitalization of 1.86 billion, the company has a total of 88,145K Shares Outstanding. Currently, annual sales are 6,568 M while annual income is 185,930 K. The company’s previous quarter sales were 1,542 M while its latest quarter income was 13,720 K.
