Patterson Companies, Inc. (NASDAQ:PDCO) posted its quarterly earnings results on Monday. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03), Bloomberg Earnings reports. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $0.56 EPS. Patterson Companies’s quarterly revenue was down 2.3% compared to the same quarter last year.
Shares of Patterson Companies (NASDAQ PDCO) opened at $34.82 on Tuesday. Patterson Companies has a 12-month low of $32.17 and a 12-month high of $49.26. The firm has a market capitalization of $3,451.76, a PE ratio of 15.88, a P/E/G ratio of 1.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 2.01.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, October 12th. Patterson Companies’s payout ratio is currently 60.47%.
In related news, CFO Ann B. Gugino sold 750 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total transaction of $27,547.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.
A number of equities analysts have recently issued reports on PDCO shares. TheStreet downgraded Patterson Companies from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Stifel Nicolaus raised Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a research report on Wednesday, November 15th. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Morgan Stanley started coverage on Patterson Companies in a research report on Thursday, September 21st. They set an “equal weight” rating and a $42.00 price target on the stock. Finally, Robert W. Baird reissued a “buy” rating and set a $44.00 price target on shares of Patterson Companies in a research report on Friday, November 10th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.64.
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About Patterson Companies
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
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