Patterson Companies: Unable To Compound Capital At An Advantage (Rating Downgrade) [Seeking Alpha]
Patterson Companies, Inc. (PDCO)
Last patterson companies, inc. earnings: 2/27 07:00 am
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US:NASDAQ Investor Relations:
investor.pattersoncompanies.com/overview/default.aspx
Company Research
Source: Seeking Alpha
Summary Patterson Companies, Inc. (PDCO) is not reinvesting cash earnings into growth. Despite cheap valuations, PDCO's intrinsic worth supports these, and the stock remains at ~2.5x EV/IC with declining earnings power anyway. PDCO's Q1 FY'25 earnings show significant operational friction, with contracting margins and a structural downtrend in business performance. Given the lack of reinvestment and growth, I revise PDCO's rating to hold, as the opportunity cost of owning it is too high. Pgiam/iStock via Getty Images Investment update Following my last publication on Patterson Companies, Inc. ( NASDAQ: PDCO ) in August '23 the stock is -34% and an updated appraisal of the company is needed. There are several notable updates which change my mid to long-term thinking on this business. Principally, management has been shedding through the amortization of intangibles and goodwill, along with NWC work-thru. Whilst I'm acutely aware the roll down in intangibles from amortizat
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PDCO
News
- PDCO Shares Gain Following New Deals to Boost Animal Health Business [Yahoo! Finance]Yahoo! Finance
- Patterson Invests in Business in the U.S. and U.K.Business Wire
- Patterson Companies Declares Regular Quarterly Cash DividendBusiness Wire
- Here's Why You Should Retain PDCO Stock in Your Portfolio for Now [Yahoo! Finance]Yahoo! Finance
- Patterson Companies, Inc. (NASDAQ: PDCO) had its price target lowered by analysts at UBS Group AG from $27.00 to $24.00. They now have a "neutral" rating on the stock.MarketBeat
PDCO
Earnings
- 8/28/24 - Miss
PDCO
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- PDCO's page on the SEC website