Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems. It also provides a range of related services comprising software and design services, maintenance and repair, and equipment financing. The Animal Health segment distributes biologicals, pharmaceuticals, vaccines, parasiticides, diagnostics, prescription and non-prescription diets, nutritionals, consumable supplies, equipment, and software, as well as value-added services. This segment also provides private label portfolio of products to veterinarians, producers, and retailers under the Aspen, First Companion, and Patterson Veterinary brands. The Corporate segment offers customer financing services; and sells other miscellaneous products. It serves dentists, laboratories, institutions, other healthcare professionals, veterinarians, other animal health professionals, production animal operators, and animal health product retailers. The company was formerly known as Patterson Dental Company and changed its name to Patterson Companies, Inc. in June 2004. Patterson Companies, Inc. was founded in 1877 and is headquartered in Saint Paul, Minnesota.
IPO Year: 1992
Exchange: NASDAQ
Website: pattersoncompanies.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/29/2024 | $34.00 → $28.00 | Overweight → Neutral | Piper Sandler |
| 2/26/2024 | $36.00 | Outperform | Leerink Partners |
| 5/13/2022 | $36.00 | Outperform | Credit Suisse |
| 3/3/2022 | $30.00 → $32.00 | Equal-Weight | Morgan Stanley |
| 1/31/2022 | $30.00 | Equal-Weight | Morgan Stanley |
| 10/1/2021 | $38.00 | Outperform | Credit Suisse |
On September 17, 2024, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, November 1, 2024, to shareholders of record as of the close of business on October 18, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain is equaled only by our dedicated, knowledgeable people who deliver unrivall
First quarter reported net sales decreased 2.2 percent year-over-year to $1.54 billion, and internal sales decreased 2.8 percent. Returned $73.3 million to shareholders in first quarter of fiscal 2025 through dividends and share repurchases. Delivered first quarter GAAP earnings of $0.15 per diluted share and adjusted earnings1 of $0.24 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by the cybersecurity attack on Change Healthcare compared to the prior year. Reaffirms fiscal 2025 GAAP earnings guidance range of $2.00 to $2.10 per diluted share and adjusted earnings1 guidance range of $2.33 to $2.43 per diluted share. Patterson Companies, Inc. (NASD
Patterson Companies (NASDAQ:PDCO) today announced that it will hold its fiscal 2025 first-quarter conference call on Wednesday, August 28, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company's earnings release will be issued that morning before the market opens. To access the live webcast, go to the investor relations section of the company's website, www.PattersonCompanies.com. The fiscal 2025 first-quarter earnings conference call replay will be available beginning at 10 a.m. CT (11 a.m. ET) on Wednesday, August 28, 2024, through 10 p.m. CT (11 p.m. ET) on Tuesday, September 3, 2024. Interested persons may dial (800) 770-2030 and enter Conference ID 67281 when prompted. About Patterso
Fourth quarter reported net sales increased 0.1 percent year-over-year to $1.72 billion, and internal sales decreased 0.5 percent. Fourth quarter internal sales benefitted from strong growth in production animal as well as dental consumables growth of 3.7 percent year-over-year. Returned $327.9 million to shareholders in fiscal 2024 through dividends and share repurchases. Delivered fourth quarter GAAP earnings of $0.74 per diluted share and adjusted earnings1 of $0.82 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by $0.04 per diluted share due to the cybersecurity attack on Change Healthcare. Achieved fiscal 2024 GAAP earnings of $1.98 per dilute
Patterson Companies (NASDAQ:PDCO) today announced that it will hold its fiscal 2024 fourth-quarter and year end conference call on Tuesday, June 18, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company's earnings release will be issued that morning before the market opens. To access the live webcast, go to the investor relations section of the company's website, www.PattersonCompanies.com. The fiscal 2024 fourth-quarter earnings conference call replay will be available beginning at 10 a.m. CT (11 a.m. ET) on Tuesday, June 18, 2024, through 10 p.m. CT (11 p.m. ET) on Tuesday, June 25, 2024. Interested persons may dial (800) 770-2030 and enter Conference ID 67281 when prompted. About Patte
On June 11, 2024, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, August 2, 2024, to shareholders of record as of the close of business on July 19, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain is equaled only by our dedicated, knowledgeable people who deliver unrivalled exper
On March 11, 2024, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) approved a new share repurchase authorization for the repurchase of up to $500 million of the company's common stock through March 16, 2027, replacing a prior authorization which was expiring and under which there was $194.9 million remaining. The Board also declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, May 3, 2024, to shareholders of record as of the close of business on April 19, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest product
Third quarter reported net sales increased 1.0 percent year-over-year to $1.62 billion. Internal sales increased 0.3 percent year-over-year, driven by dental consumables growth of 6.3 percent; excluding certain infection control products, internal sales of dental consumables increased 7.2 percent year-over-year. Delivered third quarter GAAP earnings of $0.52 per diluted share and adjusted earnings of $0.59 per diluted share. Returned $148.8 million to shareholders through dividends and share repurchases. Revises fiscal 2024 GAAP earnings guidance to $1.99 to $2.04 per diluted share and adjusted earnings1 guidance to $2.30 to $2.35 per diluted share. Patterson Companies, Inc.
Patterson Companies (NASDAQ:PDCO) today announced that it will hold its fiscal 2024 third-quarter call on Wednesday, February 28, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company's earnings release will be issued that morning before the market opens. To access the live webcast, go to the investor relations section of the company's website, www.PattersonCompanies.com. The fiscal 2024 third-quarter earnings conference call replay will be available beginning at 10 a.m. CT (11 a.m. ET) on Wednesday, February 28, 2024, through 10 p.m. CT (11 p.m. ET) on Wednesday, March 6, 2024. Interested persons may dial (800) 770-2030 and enter Conference ID 67281 when prompted. About Patterson Compani
On December 5, 2023, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, February 2, 2024, to shareholders of record as of the close of business on January 19, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain is equaled only by our dedicated, knowledgeable people who deliver unrivall
Patterson Dental remains the premier distributor for PDS Health's network of over 1,000 supported practices across the United States, providing equipment, services, technology and more Patterson Dental Supply, Inc., a subsidiary of Patterson Companies, Inc. (NASDAQ:PDCO), today announced an agreement in principle between Patterson and PDS Health, a leading dental and medical support organization formerly known as Pacific Dental Services, to extend their strategic relationship through the end of 2027. The extension allows Patterson to continue as the premier distributor for all merchandise, services, technology and core equipment across PDS Health's network of more than 1,000 supported pra
Kristin Dietzler Named Dental President Patterson Companies Inc. (NASDAQ:PDCO) announced the appointment of Kristin Dietzler as Patterson Dental's North American president. Dietzler brings extensive expertise in adjacent healthcare companies with a proven track record of success in optimizing results. She will report to Kevin Pohlman, chief operating officer of Patterson Companies, and she will be a member of the company's executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023782217/en/Kristin Dietzler Named Patterson Dental President (Photo: Business Wire) Dietzler joins Patterson Dental with nearly 30
Transactions Strengthen Animal Health Market Patterson Companies, Inc. (NASDAQ:PDCO) a leading distribution company in the dental and animal health industries, today announced that it has signed two separate acquisition agreements for its Animal Health business – Infusion Concepts in the United Kingdom and Mountain Vet Supply in the United States. Patterson's U.K. animal health business, National Veterinary Services Limited (NVS), is set to acquire Infusion Concepts Ltd., a market leader in the design and supply of infusion, drainage and critical care products that benefit the veterinary profession and their animal patients. This strategic purchase underscores Patterson's commitment to ex
On September 17, 2024, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, November 1, 2024, to shareholders of record as of the close of business on October 18, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain is equaled only by our dedicated, knowledgeable people who deliver unrivall
First quarter reported net sales decreased 2.2 percent year-over-year to $1.54 billion, and internal sales decreased 2.8 percent. Returned $73.3 million to shareholders in first quarter of fiscal 2025 through dividends and share repurchases. Delivered first quarter GAAP earnings of $0.15 per diluted share and adjusted earnings1 of $0.24 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by the cybersecurity attack on Change Healthcare compared to the prior year. Reaffirms fiscal 2025 GAAP earnings guidance range of $2.00 to $2.10 per diluted share and adjusted earnings1 guidance range of $2.33 to $2.43 per diluted share. Patterson Companies, Inc. (NASD
Patterson Dental Fuse and Eaglesoft practice management software users can increase their clinical efficiency with Bola AI's Voice-AI technology ORANGE COUNTY, Calif., Aug. 26, 2024 /PRNewswire/ -- Bola Technologies, Inc. (Bola AI), the leading provider of Voice-AI technology for dental professionals has announced a new software integration with Patterson Dental Supply, Inc., a subsidiary of Patterson Companies, Inc. (NASDAQ:PDCO) within their Fuse practice management software and Eaglesoft practice management software. This new integration enables dental practices to lessen the burden on busy hygienists by streamlining clinical documentation and charting tasks.
Patterson Companies (NASDAQ:PDCO) today announced that it will hold its fiscal 2025 first-quarter conference call on Wednesday, August 28, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company's earnings release will be issued that morning before the market opens. To access the live webcast, go to the investor relations section of the company's website, www.PattersonCompanies.com. The fiscal 2025 first-quarter earnings conference call replay will be available beginning at 10 a.m. CT (11 a.m. ET) on Wednesday, August 28, 2024, through 10 p.m. CT (11 p.m. ET) on Tuesday, September 3, 2024. Interested persons may dial (800) 770-2030 and enter Conference ID 67281 when prompted. About Patterso
The report shows company's dedication to environmental sustainability, employee welfare, and inclusion Patterson Companies, the trusted partner for the dental and animal health markets, announced the release of its fiscal year 2024 Corporate Responsibility Report. The report focuses on our effort as an organization to promote an inclusive workplace, reduce the company's carbon footprint, and execute a DE&I strategy. These initiatives allow us to hold ourselves accountable and align back to the company values. "I'm proud of our company as we continue to challenge ourselves to get better year by year," said Chief Executive Officer Don Zurbay. "Over this past year we developed and advanced
The relationship will bring Pearl's robust clinical AI toolset to new users across Canada Pearl, the global leader in dental AI solutions, and Patterson Dental Canada, Inc., a subsidiary of Patterson Companies, Inc. (NASDAQ:PDCO), today announced a collaboration to expand access to Pearl's Second Opinion® AI disease detection capabilities within the Canadian dental market. Pearl's real-time pathology detection AI software, Second Opinion®, assists dentists in their radiologic evaluation and case presentation of dental conditions commonly found in dental x-rays, including caries, bone loss, calculus, and more. The technology, which received its Medical Device Establishment License (MDEL)
New offering strengthens relationship and expands existing platform integrations Weave (NYSE:WEAV), a leading all-in-one experience platform for small- and medium-sized healthcare businesses, and Patterson Dental Supply, Inc., a subsidiary of Patterson Companies, Inc. (NASDAQ:PDCO), today announced new integration features within Weave and the Patterson Dental practice management software solutions Fuse, Eaglesoft and Dolphin Management. These new integrations are now the deepest, most complete data exchange available in the market, with the ability to read and write patient data, appointment data and confirmations, and read and write to the ledger to facilitate payment collection. "We
The Nasdaq 100 closed slightly higher on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Alphabet The Trade: Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) Director John L Hennessy sold a total of 1,500 shares at an average pric
New offering strengthens relationship and expands existing platform integrationsWeave (NYSE:WEAV), a leading all-in-one experience platform for small- and medium-sized healthcare businesses, and Patterson Dental Supply, Inc., a subsidiary of Patterson Companies, Inc. (NASDAQ:PDCO), today announced new integration features within Weave and the Patterson Dental practice management software solutions Fuse, Eaglesoft and Dolphin Management. These new integrations are now the deepest, most complete data exchange available in the market, with the ability to read and write patient data, appointment data and confirmations, and read and write to the ledger to facilitate payment collection.
Evercore ISI Group analyst Ross Muken maintains Patterson Cos (NASDAQ:PDCO) with a In-Line and lowers the price target from $27 to $25.
Morgan Stanley analyst Erin Wright maintains Patterson Cos (NASDAQ:PDCO) with a Equal-Weight and lowers the price target from $30 to $28.
JP Morgan analyst Michael Minchak maintains Patterson Cos (NASDAQ:PDCO) with a Neutral and lowers the price target from $30 to $29.
Shares of Quantum Corporation (NASDAQ:QMCO) fell sharply during Tuesday's session after the company reported worse-than-expected FY24 financial results and issued FY25 guidance below estimates. Quantum shares dipped 44.5% to $0.43 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Reliance Global Group, Inc. (NASDAQ:RELI) shares jumped 350% to $1.00 after the company issued an update on the pending acquisition of Spetner Associates. NLS Pharmaceutics AG (NASDAQ:NLSP) shares rose 166% to $0.3930 after jumping 30% on Monday. Actelis Networks, Inc. (NASDAQ:ASNS) climbed 80.9% to $2.08 after the company announced a partnership with Carahsoft Tech
U.S. stocks were slightly higher, with the Dow Jones index gaining around 0.1% on Tuesday. Shares of Patterson Companies, Inc. (NASDAQ:PDCO) rose sharply during Tuesday's session following quarterly results. Patterson Cos posted adjusted earnings of 82 cents per share on sales of $1.723 billion, according to data from Benzinga Pro. Patterson Companies shares climbed 9.7% to $25.06 on Tuesday. Here are some other big stocks recording gains in today’s session. Silk Road Medical, Inc (NASDAQ:SILK) shares climbed 23.8% to $26.83 after the company entered a definitive deal to be acquired by Boston Scientific for $27.50 per share. La-Z-Boy Incorporated (NYSE:LZB) surged 17.7% to
Tech optimism hasn’t worn out yet, with the Nasdaq futures pointing to a strong start for these stocks, while the Dow and S&P 500 futures were modestly lower. Sentiment going into the session will largely hinge on the retail sales report that is due ahead of the market open and a slew of speeches by Federal Reserve officials. Traders may also keep an eye on the Congressional Budget Office’s updated fiscal-year budge. Analysts are confident of the upward momentum carrying the market through the year, premising their optimism on the likelihood of Fed rate cuts amid easing inflation and the artificial intelligence-driven rally accelerating. The main risk the market faces now is the concentr
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Kristin Dietzler Named Dental President Patterson Companies Inc. (NASDAQ:PDCO) announced the appointment of Kristin Dietzler as Patterson Dental's North American president. Dietzler brings extensive expertise in adjacent healthcare companies with a proven track record of success in optimizing results. She will report to Kevin Pohlman, chief operating officer of Patterson Companies, and she will be a member of the company's executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023782217/en/Kristin Dietzler Named Patterson Dental President (Photo: Business Wire) Dietzler joins Patterson Dental with nearly 30
Patterson Companies, Inc. (NASDAQ:PDCO) today announced that it has initiated a search for a new leader for its Dental segment. Tim Rogan, who has served as President of Patterson Dental since 2021, has stepped down from his role, effective immediately, and agreed to serve as an advisor to the Company in the short term to facilitate a smooth transition. The Dental segment will continue to report to Chief Operating Officer, Kevin Pohlman. "Our dental business has made significant progress to further enhance our value proposition and differentiate Patterson as the partner of choice for our customers. After careful consideration, we determined that a leadership transition will best position
NEW YORK, Jan. 2, 2024 /PRNewswire/ -- Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NYSE:CHS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 5. Sycamore Partners is acquiring Chico's FAS in a transaction expected to be completed on or about that date pending final conditions. Patterson Companies has a market capitalization that is more representative of the small-cap market space. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index N
Don Zurbay Appointed President and CEO Kevin Barry Appointed Interim Chief Financial Officer Reaffirms Fiscal 2023 Earnings Guidance Patterson Companies, Inc. (NASDAQ:PDCO) today announced that its Board of Directors has appointed Don Zurbay, most recently Chief Financial Officer, as President and Chief Executive Officer. Mr. Zurbay succeeds Mark Walchirk who resigned following the Board's investigation and determination that he violated company policy and demonstrated poor judgment regarding an encounter with an employee. The conduct did not relate to the company's operations or the integrity of the company's financial statements. Mr. Zurbay has also been elected to the Board. Kevin Bar
WOKINGHAM, UK / ACCESSWIRE / April 16, 2021 / Ferguson plc announces the appointment of Kelly Baker to the Board as a Non-Executive Director effective May 1, 2021.Kelly, a US citizen, has extensive human resources ("HR") and operational experience having led the people, organizational and cultural development across a number of US based, global public companies. Kelly is currently Executive Vice President ("EVP"), Chief Human Resources Officer ("CHRO") of Pentair plc (NYSE:PNR), a leading manufacturer of water products, a role she has held since December 2017. Prior to this, Kelly was EVP, CHRO at Patterson Companies Inc. (NASDAQ:PDCO), a value-added distributor serving dental and animal hea
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Piper Sandler downgraded Patterson Companies from Overweight to Neutral and set a new price target of $28.00 from $34.00 previously
Leerink Partners initiated coverage of Patterson Companies with a rating of Outperform and set a new price target of $36.00
Credit Suisse resumed coverage of Patterson Companies with a rating of Outperform and set a new price target of $36.00
Morgan Stanley reiterated coverage of Patterson Companies with a rating of Equal-Weight and set a new price target of $32.00 from $30.00 previously
Morgan Stanley initiated coverage of Patterson Companies with a rating of Equal-Weight and set a new price target of $30.00
Credit Suisse resumed coverage of Patterson Companies with a rating of Outperform and set a new price target of $38.00
Piper Sandler upgraded Patterson Companies from Neutral to Overweight and set a new price target of $44.00 from $34.00 previously