$0.54 EPS Expected for Patterson Companies, Inc. (PDCO) This Quarter
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.
TRADEMARK VIOLATION WARNING: “$0.54 EPS Expected for Patterson Companies, Inc. (PDCO) This Quarter” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/08/0-54-eps-expected-for-patterson-companies-inc-pdco-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Patterson Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.