Patrick Industries, Inc. (PATK) Analysts See $0.93 EPS

October 13, 2017 - By Richard Conner

 Patrick Industries, Inc. (PATK) Analysts See $0.93 EPS
Investors sentiment decreased to 1.27 in Q2 2017. Its down 0.34, from 1.61 in 2017Q1. It dropped, as 28 investors sold Patrick Industries, Inc. shares while 51 reduced holdings. 33 funds opened positions while 67 raised stakes. 14.92 million shares or 1.66% more from 14.68 million shares in 2017Q1 were reported.
Ls Advsr Limited holds 0.01% or 2,226 shares. Aperio Grp Inc Ltd Liability holds 0% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK) for 3,064 shares. 8,500 were accumulated by Art Advsrs Ltd. Putnam Invests Ltd Liability Corporation reported 31,974 shares. Fmr Limited Com invested in 51,500 shares or 0% of the stock. The Georgia-based Voya Invest Lc has invested 0% in Patrick Industries, Inc. (NASDAQ:PATK). Royal Bancorporation Of Canada holds 0.06% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK) for 1.67 million shares. Capstone Asset Com has invested 0.01% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Financial Consulate Inc has invested 1.35% in Patrick Industries, Inc. (NASDAQ:PATK). Sector Pension Board invested in 0.01% or 8,200 shares. Oppenheimer Asset Management Inc has invested 0% in Patrick Industries, Inc. (NASDAQ:PATK). Wealthtrust Axiom Lc holds 0.11% in Patrick Industries, Inc. (NASDAQ:PATK) or 4,200 shares. Prudential invested in 137,113 shares or 0.01% of the stock. 18,450 were accumulated by Gsa Llp. Bank Of Montreal Can holds 0% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK) for 3,281 shares.

Since May 17, 2017, it had 1 insider buy, and 0 insider sales for $332,500 activity.

Investors wait Patrick Industries, Inc. (NASDAQ:PATK) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.93 earnings per share, up $0.14 or 17.72 % from last year’s $0.79 same quarter earnings. This translates into $15.67M profit for PATK giving the stock a 22.65 P/E. This is assuming the current $0.93 EPS is accurate. Patrick Industries, Inc.’s Wall Street analysts see -27.34 % negative EPS growth, taking into account the $1.28 EPS reproted in the previous quarter, The stock increased 0.18% or $0.15 during the last trading session, reaching $84.25. About 46,277 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 37.12% since October 13, 2016 and is uptrending. It has outperformed by 20.42% the S&P500.

Patrick Industries, Inc. (NASDAQ:PATK) Ratings Coverage

Among 3 analysts covering Patrick Industries (NASDAQ:PATK), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Patrick Industries had 4 analyst reports since March 31, 2016 according to SRatingsIntel. The firm has “Buy” rating by Robert W. Baird given on Wednesday, August 30. CL King upgraded the stock to “Buy” rating in Wednesday, August 17 report. The rating was initiated by Sidoti with “Buy” on Thursday, June 16. The rating was downgraded by CL King on Thursday, March 31 to “Neutral”.

Patrick Industries, Inc. is a manufacturer of component products and distributor of building products and materials for the recreational vehicle and manufactured housing (MH) industrial markets for clients throughout the United States and Canada. The company has market cap of $1.42 billion. In addition, it is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets. It has a 20.3 P/E ratio. The Company’s divisions include Manufacturing and Distribution.

More notable recent Patrick Industries, Inc. (NASDAQ:PATK) news were published by: Prnewswire.com which released: “Patrick Industries, Inc. Announces Third Quarter 2017 Earnings Release and …” on October 12, 2017, also Prnewswire.com with their article: “Patrick Industries, Inc. Completes Acquisition of Wire Design” published on July 17, 2017, Seekingalpha.com published: “Patrick Industries completes acquisition of Baymont” on September 05, 2017. More interesting news about Patrick Industries, Inc. (NASDAQ:PATK) were released by: Prnewswire.com and their article: “Patrick Industries, Inc. Completes Acquisition of Leisure Product Enterprises …” published on May 01, 2017 as well as Seekingalpha.com‘s news article titled: “Patrick Industries’ (PATK) CEO Todd Cleveland on Q2 2017 Results – Earnings …” with publication date: July 27, 2017.

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