Patterson Story

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PDCO -- USA Stock  

USD 32.13  0.43  1.32%

Patterson Companies Accounts Payable Turnover is quite stable at the moment as compared to the past year. The company's current value of Accounts Payable Turnover is estimated at 13.43. Operating Margin is expected to rise to 6.90 this year, although the value of Net Income Per Employee will most likely fall to about 24 K. Patterson Companies is scheduled to announce its earnings today. The next earnings report is expected on the 23rd of June 2021. While some of us are getting worried about healthcare space, it is reasonable to outline Patterson Companies using its current fundamental data. What exactly are Patterson Companies shareholders getting in April? Will institutional investors continue to hold, or should we expect a sell-off?
Published over a month ago
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Our trade recommendation on Patterson Companies (NASDAQ:PDCO) based on the latest fundamentals
Patterson Companies is FAIRLY VALUED at 31.51 per share with modest projections ahead.
We consider Patterson Companies very steady. Patterson Companies maintains Sharpe Ratio (i.e. Efficiency) of 0.0196, which implies the firm had 0.0196% of return per unit of risk over the last month. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Patterson Companies, which you can use to evaluate future volatility of the company. Please check Patterson Companies Coefficient Of Variation of 1170.84, semi deviation of 2.13, and Risk Adjusted Performance of 0.0738 to confirm if the risk estimate we provide is consistent with the expected return of 0.044%.
Typically, a company's financial statements are the reports that show the financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Patterson Companies income statement, its balance sheet, and the statement of cash flows. Potential Patterson Companies investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Patterson Companies investors may use each financial statement separately, they are all related. The changes in Patterson Companies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Patterson Companies's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
The goal of Patterson Companies fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Patterson Companies performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Patterson Companies shares is the value that is considered the true value of the share. If the intrinsic value Patterson is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Patterson Companies.
Please read more on our fundamental analysis page.

What is Patterson Asset Breakdown?

Patterson Companies reports assets on its Balance Sheet. It represents the amount of Patterson resources that either has an existing economic value or will provide some form of benefits in the future. To get a better handle on how balance sheet or income statements item affect Patterson volatility, please check the breakdown of all its fundamentals

Are Patterson Companies Earnings Expected to grow?

The future earnings power of Patterson Companies involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of Patterson Companies factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. Patterson Companies stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of Patterson expected earnings.

And What about dividends?

A dividend is the distribution of a portion of Patterson Companies earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Patterson Companies dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Patterson one year expected dividend income is about $0.43 per share.
Dividend Yield is expected to rise to 0.0251 this year, although the value of Payment of Dividends and Other Cash Distributions will most likely fall to (88 M).
Last ReportedProjected for 2021
Payment of Dividends and Other Cash Distributions-81.5 M-88 M
Dividend Yield 0.0242  0.0251 
Dividends per Basic Common Share 1.03  0.95 
Investing in stocks that pay dividends, such as stock of Patterson Companies, is one of many strategies that are good for long-term investments. Ex-dividend dates are significant because investors in Patterson Companies must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Patterson Companies. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Patterson Companies, but it might be worth checking our own buy vs. sell analysis

Patterson Companies Gross Profit

Patterson Companies Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Patterson Companies previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Patterson Companies Gross Profit growth over the last 10 years.
Please check Gross Profit in more details.

Patterson Companies exotic insider transaction detected

Legal trades by Patterson Companies insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Patterson insider trading alert for general transaction of employee stock options by Shirley Eric R, President-Patterson Dental, on 1st of April 2021. This event was filed by Patterson Companies Inc with SEC on 2021-04-01. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Is Patterson Companies valued adequately by the market?

Although in the United States, the Securities and Exchange Commission has enforced strong rules to prevent insiders from engaging in insider trading, finding insiders among active shareholders of Patterson Companies is not uncomon. Institutional investors typically avoid acquiring a high percentage of Patterson Companies stocks because performing such an act may violate securities laws. They are usually not investing their own money, but rather making investments on behalf of their clients. Let's take a look at how the ownership of Patterson is distributed among investors.

Ownership Allocation

Patterson Companies has a total of 96.5 Million outstanding shares. The majority of Patterson Companies outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Patterson Companies to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Patterson Companies. Please pay attention to any change in the institutional holdings of Patterson Companies as this could imply that something significant has changed or about to change at the company. Also note that almost one million nine hundred thirty thousand invesors are currently shorting Patterson Companies expressing very little confidence in its future performance.


Insiders
12.12%
Institutions
89.53%
Retail Investors-1.65
Insiders12.12
Institutions89.53
 2015 2020 2021 (projected)
Consolidated Income82.88 M168.47 M169.78 M
Direct Expenses4.29 B4.06 B3.54 B

Asset Utilization

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Patterson Companies has an asset utilization ratio of 157.35 percent. This suggests that the company is making $1.57 for each dollar of assets. An increasing asset utilization means that Patterson Companies is more efficient with each dollar of assets it utilizes for everyday operations.


Current Assets
1.6 B
Assets Non Current
1.9 B
Goodwill
1.4 B
Current Assets1.55 Billion31.71
Assets Non Current1.94 Billion39.53
Goodwill1.41 Billion28.76

Patterson Companies is estimated to stay under $33 in April

Latest Information Ratio is up to 0.06. Price may slide again. Patterson Companies currently demonstrates below-average downside deviation. It has Information Ratio of 0.06 and Jensen Alpha of 0.18. However, we advise investors to further question Patterson Companies expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Patterson Companies' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Patterson Companies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Conclusion on Patterson Companies

When is the right time to buy or sell Patterson Companies? Buying stocks such as Patterson Companies isn't very hard. However, what challenging for most investors is doing it at the right time. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily basis.
In closing, as of the 3rd of March 2021, our analysis shows that Patterson Companies follows the market closely. The company is fairly valued and projects below average chance of bankruptcy for the next 2 years. Our latest 30 days buy-hold-sell advice on the company is Strong Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Patterson Companies. Please refer to our Terms of Use for any information regarding our disclosure principles.

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