Patrick Industries Inc (NASDAQ: PATK) has reported earnings for its third fiscal quarter (ending September 30) of $1.88 versus $1.84 for the same period a year ago — an increase of 2%. For the latest four quarters through September 30, E.P.S. were $7.15 compared to $7.05 a year ago — an increase of 1%.
Recent Price Action
Patrick Industries Inc (NASDAQ: PATK) stock closed at $125.98 on 10/31/24 after a large decline of -6.0%. Moreover, trading volume in this decline was exceptionally high at 220% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.1% during the last week.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Patrick Industries has a poor Appreciation Score of 27 but a good Power Rating of 75, resulting in 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.
Be the first to comment