For its second fiscal quarter (ending June 30), Patrick Industries Inc (NASDAQ: PATK) has reported E.P.S. of $2.20 compared to $1.97 a year ago. E.P.S. were $7.11 for the latest four quarters through June 30 versus $7.87 for the same period a year ago.
Recent Price Action
Patrick Industries Inc (NASDAQ: PATK) stock declined modestly by -1.8% on 8/1/24. The stock closed at $125.81. Moreover, unusually high trading volume at 153% of normal accompanied the decline. The stock has risen 6.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PATK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Patrick Industries has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Patrick Industries has a poor Appreciation Score of 24 but a good Power Rating of 78, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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