Analysts forecast that Patterson Companies, Inc. (NASDAQ:PDCO) will announce sales of $1.37 billion for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Patterson Companies’ earnings, with the highest sales estimate coming in at $1.40 billion and the lowest estimate coming in at $1.33 billion. Patterson Companies posted sales of $1.40 billion during the same quarter last year, which would indicate a negative year over year growth rate of 2.1%. The business is expected to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Patterson Companies will report full-year sales of $1.37 billion for the current financial year, with estimates ranging from $5.41 billion to $5.64 billion. For the next year, analysts anticipate that the firm will report sales of $5.70 billion per share, with estimates ranging from $5.64 billion to $5.82 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Patterson Companies.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS.

A number of analysts recently weighed in on PDCO shares. BidaskClub lowered shares of Patterson Companies from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Stifel Nicolaus lowered their price target on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, August 15th. Craig Hallum reissued a “sell” rating and issued a $41.00 price target (down previously from $46.00) on shares of Patterson Companies in a report on Thursday, August 17th. They noted that the move was a valuation call. Cleveland Research reissued a “hold” rating on shares of Patterson Companies in a report on Tuesday, August 22nd. Finally, UBS AG raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $41.00.

Shares of Patterson Companies (NASDAQ PDCO) opened at $35.27 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3,370.00, a P/E ratio of 15.90, a P/E/G ratio of 2.01 and a beta of 0.96. Patterson Companies has a fifty-two week low of $32.07 and a fifty-two week high of $48.29.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.95%. Patterson Companies’s dividend payout ratio is 61.18%.

In other news, CFO Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total transaction of $27,547.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amica Retiree Medical Trust lifted its position in Patterson Companies by 433.8% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after acquiring an additional 2,429 shares in the last quarter. Advisory Services Network LLC lifted its position in Patterson Companies by 423.4% in the 2nd quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after acquiring an additional 2,041 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Patterson Companies by 15.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after acquiring an additional 415 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Patterson Companies by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock valued at $168,000 after acquiring an additional 150 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new stake in Patterson Companies in the 2nd quarter valued at $188,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

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

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