Patrick Industries (PATK) to Release Quarterly Earnings on Thursday

Patrick Industries (NASDAQ:PATK - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect Patrick Industries to post earnings of $0.95 per share and revenue of $959.46 million for the quarter.

Patrick Industries (NASDAQ:PATK - Get Free Report) last issued its earnings results on Thursday, February 6th. The construction company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. Patrick Industries had a net margin of 3.72% and a return on equity of 13.25%. On average, analysts expect Patrick Industries to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Patrick Industries Stock Performance

Shares of NASDAQ:PATK traded down $1.22 during trading on Monday, hitting $78.46. 194,997 shares of the company traded hands, compared to its average volume of 344,838. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.41 and a beta of 2.17. Patrick Industries has a one year low of $67.72 and a one year high of $98.90. The company has a quick ratio of 0.77, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The business's fifty day moving average is $84.33 and its 200-day moving average is $87.71.

Patrick Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Tuesday, February 18th. Patrick Industries's dividend payout ratio (DPR) is 38.83%.

Analyst Ratings Changes

PATK has been the subject of a number of analyst reports. KeyCorp reduced their target price on shares of Patrick Industries from $110.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Benchmark increased their price objective on Patrick Industries from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Robert W. Baird reissued a "neutral" rating and set a $96.00 price target (down from $100.00) on shares of Patrick Industries in a report on Friday, April 4th. Baird R W cut shares of Patrick Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Raymond James raised their price objective on shares of Patrick Industries from $99.00 to $103.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $96.79.

Insider Transactions at Patrick Industries

In related news, Director M Scott Welch acquired 10,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $86.22 per share, for a total transaction of $862,200.00. Following the acquisition, the director now owns 136,000 shares in the company, valued at approximately $11,725,920. This represents a 7.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stacey L. Neu sold 2,885 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $85.53, for a total transaction of $246,754.05. Following the completion of the transaction, the executive vice president now owns 18,044 shares of the company's stock, valued at approximately $1,543,303.32. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company's stock.

Patrick Industries Company Profile

Patrick Industries, Inc manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products.