Patterson Companies Inc is a publicly traded company that operates in the United States and provides a diverse set of products and services for veterinary, dental, and animal health technology. The company has been publicly traded for over 40 years and offers a wide variety of products and services for its customers. Patterson Companies Inc (PDCO) is currently trading at $29.61 a share and has a market cap of $2.94 billion.
Fundamental Analysis
Fundamental analysis is a tool used by investors to evaluate the future prospects of a company and to determine the intrinsic value of the company’s stock. It takes into account various factors such as the company’s revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th..., earnings, book value, dividends, and other financial statementsFinancial statements are the primary tool used by investors to evaluate a company's financial health. They are an important part of a company's reporting, providing a snapshot of i....
The revenue of Patterson Companies Inc is estimated to be around $6.4 billion in 2022. There was a negative impact in 2020 from the COVID-19 pandemic on the company’s sales. However, the company has bounced back in 2023.
The earnings of Patterson Companies Inc is up 12.8% QoQ. EPS is $2.03 and is expected to hit $2.40 next year. That’s an over 15% increase in EPS which suggests EPS growth is accelerating.
The book value of Patterson Companies Inc is currently estimated to be around $10.74 per share, which includes the company’s total assets minus its total liabilities. This indicates that the company has enough assets to cover its liabilities and the investors are not at risk of any financial losses due to any liabilities.
The Price to Sales ratio is a smoking hot 0.46! With a market cap of $2.94 billion and sales of $6.38 billion, this stock is extremely undervalued and is set to climb over the next year IMHO.
The dividend yield of Patterson Companies Inc is currently 3.51%, which is higher than the industry average of 1.94%. This indicates that the company is paying out a higher proportion of its profits as dividends, which is a good sign for the investors as it shows that the company is rewarding its shareholders for their investment.
Technical Analysis
Technical analysis is a tool used by investors to gauge the future direction and performance of a stock based on past price and volume data. It takes into account various factors such as the trend of the stock, support and resistance levels, and moving averages.
The stock of Patterson Companies Inc is currently in an uptrend. The stock is currently trading above the 50 day moving average and the 200 day moving average. We just had a Resurrection CrossWhen the 50 day moving average crosses above the 200 day moving average, it is called a Resurrection Cross. Conversely, when the 50 day moving average crosses below the 200 day mov... of the 50 day moving average crossing above the 200 day moving average!
The support level of the stock is currently at $27.58 and the resistance level is at $31.37.
Conclusion
Overall, Patterson Companies Inc is a good buy from a fundamental and technical perspective. The company has a strong revenue and earnings outlook, a healthy book value, and a high dividend yield. Moreover, the stock is in an uptrend with a Resurrection Cross forming on the chart, which indicates that it has potential for future growth.
