For its third fiscal quarter (ending January 31), Patterson Cos Inc (NASDAQ: PDCO) has reported a -5% decline in E.P.S. from $0.55 a year ago to $0.52 in the current quarter. This result fell short of the consensus estimate of $0.60 by $-0.08. For the latest four quarters through January 31, E.P.S. were $2.03 compared to $2.03 a year ago — flat performance.
Recent Price Action
On 2/28/24, Patterson Cos Inc (NASDAQ: PDCO) stock suffered a large decline of -7.3%, closing at $26.74. Moreover, unusually high trading volume at 162% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PDCO is expected to continue to be a major Value Builder.
Patterson has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Patterson has a slightly negative Power Rating of 39 and a poor Appreciation Score of 24, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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