Patterson Companies Stock Today
| PDCO Stock | USD 25.47 0.26 1.01% |
Performance0 of 100
| Odds Of DistressLess than 3
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Patterson Companies is selling at 25.47 as of the 19th of April 2024; that is -1.01 percent decrease since the beginning of the trading day. The stock's open price was 25.73. Patterson Companies has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Patterson Companies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 28th of October 1992 | Category Healthcare | Classification Health Care |
Patterson Companies, Inc. engages in distribution of dental and animal health products in the United States, the United Kingdom, and Canada. Patterson Companies, Inc. was founded in 1877 and is headquartered in Saint Paul, Minnesota. Patterson Companies operates under Medical Distribution classification in the United States and is traded on NASDAQ Exchange. The company has 89.59 M outstanding shares of which 2.76 M shares are at this time shorted by private and institutional investors with about 3.19 trading days to cover. More on Patterson Companies
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Follow Valuation Options Odds of Bankruptcy
Financial Report 19th of June 2024
Patterson Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Patterson Companies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Patterson Companies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Donald Zurbay | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Providers & Services, Health Care Equipment & Services, Health Care, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, NASDAQ Health Care, Health Care, Health Care Providers & Services, Medical Distribution, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Patterson Companies report their recommendations after researching Patterson Companies' financial statements, talking to executives and customers, or listening in on Patterson Companies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Patterson Companies. The Patterson consensus assessment is calculated by taking the average forecast from all of the analysts covering Patterson Companies. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Patterson Companies' liquidity, profitability, solvency, and operating efficiency, Patterson Companies is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Patterson Companies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Patterson Companies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Patterson Companies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Patterson Companies' financial leverage. It provides some insight into what part of Patterson Companies' total assets is financed by creditors.
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Patterson Companies (PDCO) is traded on NASDAQ Exchange in USA. It is located in 1031 Mendota Heights Road, Saint Paul, MN, United States, 55120 and employs 7,600 people. Patterson Companies is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Patterson Companies's market, we take the total number of its shares issued and multiply it by Patterson Companies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Patterson Companies conducts business under Health Care Providers & Services sector and is part of Health Care industry. The entity has 89.59 M outstanding shares of which 2.76 M shares are at this time shorted by private and institutional investors with about 3.19 trading days to cover.
Patterson Companies currently holds about 153.23 M in cash with (754.85 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.58.
Check Patterson Companies Probability Of Bankruptcy
Ownership AllocationPatterson Companies owns a total of 89.59 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 is about to change at the company. Also note that almost eight hundred ninety-five thousand nine hundred twenty invesors are currently shorting Patterson Companies expressing very little confidence in its future performance.
Check Patterson Ownership Details
Patterson Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Patterson Companies jumping above the current price in 90 days from now is under 95%. The Patterson Companies probability density function shows the probability of Patterson Companies stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.3887 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Patterson Companies will likely underperform. Additionally, patterson Companies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Patterson Companies to move above the current price in 90 days from now is under 95 (This Patterson Companies probability density function shows the probability of Patterson Stock to fall within a particular range of prices over 90 days) .
Patterson Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Patterson Companies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Patterson Companies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Patterson Companies' value.| Instituion | Recorded On | Shares | |
| Bank Of America Corp | 2023-12-31 | 1.6 M | |
| Brown Advisory Holdings Inc | 0031-12-31 | 1.5 M | |
| Northern Trust Corp | 2023-12-31 | 1.5 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 1.4 M | |
| Neuberger Berman Group Llc | 2023-12-31 | 1.3 M | |
| Victory Capital Management Inc. | 2023-12-31 | 1 M | |
| Sasco Capital Inc | 2023-12-31 | 1 M | |
| Lsv Asset Management | 2023-12-31 | 928.4 K | |
| Norges Bank | 2023-12-31 | 919.6 K | |
| Blackrock Inc | 2023-12-31 | 10.7 M | |
| Vanguard Group Inc | 2023-12-31 | 9.3 M |
Patterson Companies Historical Income Statement
Patterson Companies Income Statement is one of the three primary financial statements used for reporting Patterson's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Patterson Companies revenue and expense. Patterson Companies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Patterson Companies' Depreciation And Amortization is very stable compared to the past year. As of the 19th of April 2024, Total Revenue is likely to grow to about 7.8 B, while Interest Expense is likely to drop about 19.4 M. View More FundamentalsPatterson Stock Against Markets
Picking the right benchmark for Patterson Companies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Patterson Companies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Patterson Companies is critical whether you are bullish or bearish towards Patterson Companies at a given time. Please also check how Patterson Companies' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Patterson Companies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Patterson Companies Corporate Directors
Patterson Companies corporate directors refer to members of a Patterson Companies board of directors. The board of directors generally takes responsibility for the Patterson Companies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Patterson Companies' board members must vote for the resolution. The Patterson Companies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Alex Blanco | Director | Profile | |
| Neil Schrimsher | Director | Profile | |
| Ellen Rudnick | Independent Director | Profile | |
| Sarena Lin | Director | Profile |
How to buy Patterson Stock?
Before investing in Patterson Companies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Patterson Companies. To buy Patterson Companies stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Patterson Companies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Patterson Companies stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Patterson Companies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Patterson Companies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Patterson Companies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Patterson Stock please use our How to Invest in Patterson Companies guide.
Already Invested in Patterson Companies?
The danger of trading Patterson Companies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Patterson Companies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Patterson Companies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Patterson Companies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Patterson Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson Companies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Companies Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.Note that the Patterson Companies information on this page should be used as a complementary analysis to other Patterson Companies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Patterson Stock analysis
When running Patterson Companies' price analysis, check to measure Patterson Companies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patterson Companies is operating at the current time. Most of Patterson Companies' value examination focuses on studying past and present price action to predict the probability of Patterson Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patterson Companies' price. Additionally, you may evaluate how the addition of Patterson Companies to your portfolios can decrease your overall portfolio volatility.
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Is Patterson Companies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson Companies. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 1.04 | Earnings Share 2.03 | Revenue Per Share 69.215 | Quarterly Revenue Growth 0.01 |
The market value of Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.