Equities analysts expect Patterson Companies, Inc. (NASDAQ:PDCO) to post earnings per share (EPS) of $0.54 for the current quarter, according to Zacks. Six analysts have provided estimates for Patterson Companies’ earnings, with estimates ranging from $0.52 to $0.57. Patterson Companies reported earnings per share of $0.56 in the same quarter last year, which suggests a negative year over year growth rate of 3.6%. The company is scheduled to issue its next earnings report on Tuesday, November 28th.

According to Zacks, analysts expect that Patterson Companies will report full year earnings of $2.29 per share for the current year, with EPS estimates ranging from $2.24 to $2.35. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.49 per share, with EPS estimates ranging from $2.41 to $2.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Patterson Companies.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, August 24th. The company reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. Patterson Companies’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share.

PDCO has been the topic of a number of recent analyst reports. Stifel Nicolaus downgraded shares of Patterson Companies from a “hold” rating to a “sell” rating and dropped their price objective for the company from $47.43 to $39.00 in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Patterson Companies from a “buy” rating to a “hold” rating in a report on Monday, May 15th. TheStreet cut shares of Patterson Companies from a “b-” rating to a “c” rating in a report on Thursday, August 24th. BidaskClub cut shares of Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, UBS AG upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 target price for the company in a report on Friday, August 25th. Five analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.89.

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In related news, insider Ann B. Gugino sold 750 shares of the stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $42.40, for a total transaction of $31,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott P. Anderson sold 10,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $46.76, for a total transaction of $467,600.00. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of PDCO. Teachers Advisors LLC boosted its stake in Patterson Companies by 11.7% during the 4th quarter. Teachers Advisors LLC now owns 106,670 shares of the company’s stock worth $4,377,000 after purchasing an additional 11,214 shares during the period. Bank of Montreal Can boosted its stake in Patterson Companies by 4.4% during the 1st quarter. Bank of Montreal Can now owns 34,505 shares of the company’s stock worth $1,563,000 after purchasing an additional 1,463 shares during the period. Nisa Investment Advisors LLC boosted its stake in Patterson Companies by 1.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 27,465 shares of the company’s stock worth $1,242,000 after purchasing an additional 465 shares during the period. Retirement Systems of Alabama boosted its stake in Patterson Companies by 0.7% during the 1st quarter. Retirement Systems of Alabama now owns 39,756 shares of the company’s stock worth $1,798,000 after purchasing an additional 261 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Patterson Companies by 178.1% during the 1st quarter. Russell Investments Group Ltd. now owns 68,919 shares of the company’s stock worth $3,118,000 after purchasing an additional 44,136 shares during the period. Hedge funds and other institutional investors own 88.61% of the company’s stock.

Shares of Patterson Companies (NASDAQ PDCO) traded down 1.069% during midday trading on Friday, reaching $39.345. 626,714 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $39.09 and its 200 day moving average price is $43.47. Patterson Companies has a 1-year low of $35.93 and a 1-year high of $49.26. The stock has a market capitalization of $3.67 billion, a P/E ratio of 22.862 and a beta of 0.97.

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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Earnings History and Estimates for Patterson Companies (NASDAQ:PDCO)

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