Patterson Cos Inc (NASDAQ: PDCO) has reported E.P.S. of $0.42 for its second fiscal quarter (ending October 31) versus $0.56 for the same period a year ago — a decline of -25%. For the latest four quarters through October 31, E.P.S. were $2.07 versus $2.05 for the same period a year ago — an increase of 1%.
Recent Price Action
Patterson Cos Inc (NASDAQ: PDCO) stock suffered a major decline of -17.2% on 11/29/23. The shares closed at $26.01. Moreover, trading volume in this decline was exceptionally high at 482% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -18.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PDCO is expected to continue to be a major Value Builder.
Patterson 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. Patterson has a poor Appreciation Score of 19 but a very high Power Rating of 86, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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