Wall Street brokerages expect Patterson Companies, Inc. (NASDAQ:PDCO) to report $1.38 billion in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Patterson Companies’ earnings. The highest sales estimate is $1.40 billion and the lowest is $1.36 billion. Patterson Companies reported sales of $1.40 billion in the same quarter last year, which would suggest a negative year over year growth rate of 1.4%. The business is scheduled to announce its next earnings report on Thursday, February 22nd.

On average, analysts expect that Patterson Companies will report full-year sales of $1.38 billion for the current year, with estimates ranging from $5.48 billion to $5.64 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.70 billion per share, with estimates ranging from $5.65 billion to $5.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Patterson Companies.

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

PDCO has been the subject of several research analyst reports. TheStreet lowered shares of Patterson Companies from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Stifel Nicolaus raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Patterson Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Deutsche Bank initiated coverage on shares of Patterson Companies in a research note on Friday, December 8th. They set a “hold” rating and a $37.00 target price for the company. Finally, Morgan Stanley initiated coverage on shares of Patterson Companies in a research note on Thursday, September 21st. They set an “equal weight” rating and a $42.00 target price for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.40.

In other news, CFO Ann B. Gugino sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John D. Buck acquired 2,834 shares of the stock in a transaction dated Friday, November 24th. The stock was acquired at an average cost of $34.93 per share, with a total value of $98,991.62. Following the purchase, the director now owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The disclosure for this purchase can be found here. Company insiders own 0.46% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. AXA lifted its stake in Patterson Companies by 32.4% in the third quarter. AXA now owns 249,388 shares of the company’s stock worth $9,639,000 after acquiring an additional 61,088 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Patterson Companies by 46.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,878,432 shares of the company’s stock worth $188,551,000 after acquiring an additional 1,536,422 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Patterson Companies by 58.7% in the third quarter. Public Employees Retirement System of Ohio now owns 55,374 shares of the company’s stock worth $2,140,000 after acquiring an additional 20,491 shares during the last quarter. California Public Employees Retirement System lifted its stake in Patterson Companies by 6.1% in the third quarter. California Public Employees Retirement System now owns 271,947 shares of the company’s stock worth $10,511,000 after acquiring an additional 15,585 shares during the last quarter. Finally, Continental Advisors LLC lifted its stake in Patterson Companies by 10.6% in the third quarter. Continental Advisors LLC now owns 78,264 shares of the company’s stock worth $3,025,000 after acquiring an additional 7,500 shares during the last quarter. Institutional investors own 93.36% of the company’s stock.

Shares of Patterson Companies (PDCO) opened at $35.79 on Wednesday. Patterson Companies has a 12-month low of $32.07 and a 12-month high of $48.29. The stock has a market cap of $3,367.20, a PE ratio of 15.99, a P/E/G ratio of 2.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.10 and a current ratio of 1.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. Patterson Companies’s payout ratio is 62.28%.

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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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