Geometry Dash APK Hill Climb Racing APK
66.1 F
New York
Saturday, June 3, 2023

Patterson Companies Inc. (NASDAQ:PDCO) is Gaining Momentum on Earnings Catalyst

Must read

Is Tilray Inc (NASDAQ:TLRY) Stock a Good Buy After The Recent Fall?

The cannabis sector may have had a hard time not too long ago but over the course of the past months, the...

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Patterson Companies Inc. (PDCO) shares are trading at higher $31.94 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $26.38.

To add more color to this target, the company’s high over the last year is $30.38 and the low is $12.93. Over the last 52 weeks, PDCO is up 61.72% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, PDCO reported a profit of $253.82 million. Patterson Companies Inc. also saw revenues increase to $1.25 billion. In addition, PDCO has free cash flow of -$236.25 million as of 07-2020. The company’s EBITDA came in at $57.74 million which compares well with its peers.

PDCO booked profit margins of -11.00%, its Return on Equity (ROE) is -51.50%, and its Return on Assets is -19.30%. All told, it is clear that, PDCO needs to be on your watchlist.

Find out when PDCO reaches critical levels. Subscribe to Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PDCO has a short ratio of 11.17 and outstanding shares of 95.19M.

Company Outlook

PDCO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.65 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -6.30. Patterson Companies Inc. PDCO also noted assets of $2.65 billion at the end of the last quarter. Investors should also keep an eye on sector updates as PDCO has historically followed its peers on positive news.

All told, Patterson Companies Inc. PDCO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PDCO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Patterson Companies Inc. PDCO is now commanding a market cap of 3.03B and a float of 84.58M. PDCO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PDCO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in PDCO, either long or short, and we have not been compensated for this article.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service