Patterson Companies, Inc. (PDCO) to Release Quarterly Earnings on Wednesday
Patterson Companies, Inc. (NASDAQ:PDCO) will issue its quarterly earnings data before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Patterson Companies has set its FY18 guidance at $2.25-2.40 EPS.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Patterson Companies had a return on equity of 15.94% and a net margin of 3.06%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. On average, analysts expect Patterson Companies to post $2.32 EPS for the current fiscal year and $2.51 EPS for the next fiscal year.
Patterson Companies, Inc. (PDCO) opened at 36.75 on Wednesday. The firm’s 50 day moving average price is $42.47 and its 200 day moving average price is $44.05. Patterson Companies, Inc. has a one year low of $36.46 and a one year high of $49.26. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 20.53 and a beta of 0.95.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, July 12th. Patterson Companies’s dividend payout ratio is currently 58.10%.
PDCO has been the subject of a number of research analyst reports. Stifel Nicolaus lowered shares of Patterson Companies from a “hold” rating to a “sell” rating and reduced their price target for the stock from $47.43 to $39.00 in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Patterson Companies from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. BidaskClub lowered shares of Patterson Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. UBS AG lowered shares of Patterson Companies from a “neutral” rating to a “sell” rating and cut their target price for the company from $44.50 to $40.00 in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $40.00 target price on shares of Patterson Companies in a research note on Monday, May 15th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $43.22.
In other news, Director Scott P. Anderson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total transaction of $467,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $42.40, for a total transaction of $31,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,500 shares of company stock valued at $532,273. Company insiders own 0.46% of the company’s stock.
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Patterson Companies Company Profile
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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