Wall Street brokerages expect Patterson Companies, Inc. (NASDAQ:PDCO) to post earnings per share of $0.52 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Patterson Companies’ earnings, with estimates ranging from $0.48 to $0.59. Patterson Companies posted earnings per share of $0.58 in the same quarter last year, which indicates a negative year over year growth rate of 10.3%. The business is expected to issue its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Patterson Companies will report full year earnings of $2.08 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.27. For the next financial year, analysts forecast that the business will report earnings of $2.27 per share, with EPS estimates ranging from $2.17 to $2.42. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Patterson Companies.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.56 earnings per share. Patterson Companies’s revenue was down 2.3% compared to the same quarter last year.
Several brokerages have commented on PDCO. Zacks Investment Research upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Piper Jaffray Companies began coverage on shares of Patterson Companies in a research report on Thursday, October 19th. They issued a “neutral” rating and a $41.00 price target on the stock. Robert W. Baird reiterated a “buy” rating and issued a $44.00 price target on shares of Patterson Companies in a research report on Tuesday, September 26th. Royal Bank Of Canada assumed coverage on shares of Patterson Companies in a research report on Tuesday, September 19th. They issued a “sector perform” rating and a $42.00 price target on the stock. Finally, Stifel Nicolaus cut their price objective on Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Tuesday, August 15th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $40.40.
Shares of Patterson Companies (PDCO) traded up $0.04 during trading on Monday, reaching $35.51. 1,222,395 shares of the company’s stock traded hands, compared to its average volume of 1,310,894. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73. Patterson Companies has a 12-month low of $32.07 and a 12-month high of $48.29. The company has a market capitalization of $3,363.41, a PE ratio of 15.98, a PEG ratio of 2.03 and a beta of 0.95.
In other Patterson Companies news, CFO Ann B. Gugino sold 750 shares of Patterson Companies 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John D. Buck bought 2,834 shares of the stock in a transaction on Friday, November 24th. The shares were acquired at an average cost of $34.93 per share, for a total transaction of $98,991.62. Following the purchase, the director now owns 54,627 shares in the company, valued at $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Patterson Companies by 46.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,878,432 shares of the company’s stock valued at $188,551,000 after buying an additional 1,536,422 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of Patterson Companies by 152.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 885,174 shares of the company’s stock valued at $34,212,000 after buying an additional 535,029 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Patterson Companies by 114.1% in the 3rd quarter. Van ECK Associates Corp now owns 880,341 shares of the company’s stock valued at $34,025,000 after buying an additional 469,072 shares in the last quarter. Atlanta Capital Management Co. L L C bought a new stake in shares of Patterson Companies in the 3rd quarter valued at approximately $10,453,000. Finally, Shell Asset Management Co. grew its stake in shares of Patterson Companies by 2,700.1% in the 3rd quarter. Shell Asset Management Co. now owns 253,859 shares of the company’s stock valued at $10,517,000 after buying an additional 244,793 shares in the last quarter. 93.36% of the stock is currently owned by institutional investors.
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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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