Patrick Industries, Inc. (NASDAQ:PATK) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, PATK is expected to report 3Q20 income of $ 1.25 per share from revenue of $ 667.50 million.
For the full year, analysts anticipate top line of $ 2300.59 million, while looking forward to income of $ 3.53 per share bottom line.
Previous Quarter Performance
Patrick Industries, Inc. unfold income for the second quarter of $ 0.03 per share, from the revenue of $ 424.05 million. The quarterly earnings 97.46 percent compared with the same quarter last year. Wall street analysts are predicting, PATK to report 2Q20 loss of $ 0.10 per share from revenue of $ 410.42 million. The bottom line results beat street analysts by $ 0.13 or 130.00 percent, at the same time, top line results outshined analysts by $ 13.63 million or 3.32 percent.
Stock Performance
Shares of Patrick Industries, Inc. traded up $ 1.47 or 2.65 percent on Wednesday, reaching $ 56.88 with volume of 184.00 thousand shares. Patrick Industries, Inc. has traded high as $ 57.10 and has cracked $ 53.30 on the downward trend
According to the previous trading day, closing price of $ 56.88, representing a 231.80 % increase from the 52 week low of $ 16.70 and a 20.66 % decrease over the 52 week high of $ 69.84.
The company has a market capital of $ 1.33 billion and is part of the Industrials sector and Building Products & Equipment industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on August 17, 2020. The dividend were payable on September 14, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Patrick Industries, Inc. will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.patrickind.com
Patrick Industries, Inc. manufactures and distributes building products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, walls, countertops, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, solid surface, granite, and quartz countertop fabrication products; RV paintings; fabricated aluminum products; decorative vinyl and paper laminated panels; fiberglass and plastic components; softwoods lumber; custom cabinets; polymer-based flooring products; and electrical systems and components, including instrument and dash panels, and other products.
