Patterson Companies Down 14.16% To $26.98 After Earnings

Patterson Companies (PDCO) said before open Wednesday that it broke even in quarter two 2024.

In the same quarter a year ago, the company earned $0.63 per share on revenue of $1.6 billion.

The stock is down 14.16% to $26.98 after the report.

Patterson Companies's profit margins maintained as both earnings and revenue declined at the same pace.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 61. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Patterson Companies Inc is a leading dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental and Patterson Animal Health. The firm offers dental and veterinary practice management products, including office software products, and technical, financial, and educational services, primarily to two highly fragmented market segments throughout the U.S. and Canada. The company began as a dental distributor in 1877 and expanded to become a major supplier of animal health products to vets and production companies through the acquisition of Animal Health International in 2015. Patterson also has a presence in the U.K. animal health market.