Patterson Companies, Inc. (PDCO) Issues FY15 Earnings Guidance
Patterson Companies, Inc. (NASDAQ:PDCO) updated its FY15 earnings guidance on Thursday. The company provided EPS guidance of $2.20-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.25, Analyst Ratings Net reports.
Patterson Companies, Inc. (NASDAQ:PDCO) opened at 40.10 on Thursday. Patterson Companies, Inc. has a 1-year low of $36.59 and a 1-year high of $44.39. The stock’s 50-day moving average is $39.26 and its 200-day moving average is $40.26. The company has a market cap of $3.998 billion and a P/E ratio of 20.36.
Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts expect that Patterson Companies, Inc. will post $2.26 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Patterson Companies in a research note on Wednesday, August 13th. They now have a $41.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Patterson Companies in a research note on Friday, May 23rd. They now have a $41.00 price target on the stock, down previously from $44.00. Finally, analysts at Goldman Sachs cut their price target on shares of Patterson Companies from $35.00 to $34.00 in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $40.00.
Patterson Companies, Inc (NASDAQ:PDCO) is a distributor serving three markets: the United States companion animal (dogs, cats and other common household pets) and equine veterinary supply, and the worldwide rehabilitation and assistive products supply market.
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