Is Patrick Industries, Inc.'s (NASDAQ:PATK) Recent Stock Performance Tethered To Its Strong Fundamentals? [Yahoo! Finance]
Patrick Industries, Inc. (PATK)
Last patrick industries, inc. earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=93682&p=irol-irhome
Company Research
Source: Yahoo! Finance
Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on Patrick Industries' ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. View our latest analysis for Patrick Industries How To Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Patrick Industries is: 14% = US$143m ÷ US$1.0b (Based on the trailing twelve months to December 2023). The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's in
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PATK
News
- Patrick Industries, Inc. (NASDAQ: PATK) had its price target raised by analysts at BMO Capital Markets from $120.00 to $125.00. They now have an "outperform" rating on the stock.MarketBeat
- ROCKFORD FOSGATE® IS OFFICIAL MOTORCYCLE AUDIO PARTNER OF HARLEY-DAVIDSON MUSEUM [Yahoo! Finance]Yahoo! Finance
- ROCKFORD FOSGATE® IS OFFICIAL MOTORCYCLE AUDIO PARTNER OF HARLEY-DAVIDSON MUSEUMPR Newswire
- Patrick Industries, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Patrick Industries, Inc. Reports First Quarter 2024 Financial ResultsPR Newswire
PATK
Earnings
- 5/2/24 - Beat
PATK
Sec Filings
- 5/2/24 - Form 8-K
- 4/1/24 - Form ARS
- 4/1/24 - Form DEFA14A
- PATK's page on the SEC website