Patterson Companies, Inc. (PDCO) Expected to Announce Quarterly Sales of $1.38 Billion
Analysts forecast that Patterson Companies, Inc. (NASDAQ:PDCO) will report sales of $1.38 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Patterson Companies’ earnings. The lowest sales estimate is $1.36 billion and the highest is $1.40 billion. Patterson Companies reported sales of $1.40 billion in the same quarter last year, which indicates a negative year over year growth rate of 1.4%. The company is scheduled to announce its next quarterly 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 financial year, with estimates ranging from $5.48 billion to $5.64 billion. For the next fiscal year, analysts expect that the company will report sales of $5.69 billion per share, with estimates ranging from $5.65 billion to $5.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Patterson Companies.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing the 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 analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis.
In other news, insider Ann B. Gugino sold 750 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $36.38, for a total value of $27,285.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John D. Buck acquired 2,834 shares of Patterson Companies stock in a transaction dated Friday, November 24th. The stock was bought at an average price of $34.93 per share, for a total transaction of $98,991.62. Following the completion of 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. 0.46% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Amica Retiree Medical Trust raised its stake in Patterson Companies by 433.8% in the third quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after buying an additional 2,429 shares in the last quarter. Advisory Services Network LLC raised its stake in Patterson Companies by 423.4% in the second quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after buying an additional 2,041 shares in the last quarter. Commonwealth Bank of Australia raised its stake in Patterson Companies by 15.9% in the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after buying an additional 415 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Patterson Companies by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock valued at $168,000 after buying an additional 150 shares in the last quarter. Finally, Sciencast Management LP acquired a new stake in Patterson Companies in the second quarter valued at $205,000. Institutional investors own 94.12% of the company’s stock.
Patterson Companies (NASDAQ PDCO) opened at $37.51 on Tuesday. Patterson Companies has a 52-week low of $32.07 and a 52-week high of $48.29. The company has a market capitalization of $3,556.85, a price-to-earnings ratio of 22.46, a PEG ratio of 2.11 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 business 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 2.77%. The ex-dividend date is Thursday, January 11th. Patterson Companies’s payout ratio is currently 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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