Analysts expect that Patterson Companies, Inc. (NASDAQ:PDCO) will announce sales of $1.40 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Patterson Companies’ earnings, with estimates ranging from $1.39 billion to $1.41 billion. Patterson Companies posted sales of $1.38 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The company is scheduled to issue its next earnings results on Thursday, March 7th.
On average, analysts expect that Patterson Companies will report full-year sales of $5.58 billion for the current fiscal year, with estimates ranging from $5.54 billion to $5.64 billion. For the next financial year, analysts forecast that the company will report sales of $5.72 billion, with estimates ranging from $5.62 billion to $5.80 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Patterson Companies.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, December 6th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Patterson Companies had a return on equity of 8.78% and a net margin of 2.80%. Patterson Companies’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share.
PDCO has been the subject of several research reports. Goldman Sachs Group initiated coverage on Patterson Companies in a report on Friday, October 19th. They set a “sell” rating and a $19.00 price objective for the company. UBS Group initiated coverage on Patterson Companies in a report on Thursday, January 17th. They set a “neutral” rating and a $23.00 price objective for the company. BidaskClub raised Patterson Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 10th. ValuEngine raised Patterson Companies from a “sell” rating to a “hold” rating in a report on Monday, November 12th. Finally, Zacks Investment Research reissued a “hold” rating on shares of Patterson Companies in a report on Wednesday, November 14th. Eight analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.50.
Shares of PDCO stock opened at $22.47 on Tuesday. The firm has a market cap of $2.10 billion, a P/E ratio of 13.38, a PEG ratio of 2.76 and a beta of 1.35. Patterson Companies has a 1 year low of $18.94 and a 1 year high of $34.19. The company has a quick ratio of 0.94, a current ratio of 1.76 and a debt-to-equity ratio of 0.51.
The business also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Friday, January 11th were issued a $0.26 dividend. The ex-dividend date was Thursday, January 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.63%. Patterson Companies’s dividend payout ratio (DPR) is 61.90%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDCO. Retirement Systems of Alabama grew its position in shares of Patterson Companies by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 107,108 shares of the company’s stock valued at $2,106,000 after purchasing an additional 464 shares during the period. Investors Research Corp grew its position in shares of Patterson Companies by 1.8% in the fourth quarter. Investors Research Corp now owns 28,200 shares of the company’s stock valued at $554,000 after purchasing an additional 500 shares during the period. Virginia Retirement Systems ET AL grew its position in shares of Patterson Companies by 3.4% in the fourth quarter. Virginia Retirement Systems ET AL now owns 15,300 shares of the company’s stock valued at $301,000 after purchasing an additional 500 shares during the period. Arizona State Retirement System grew its position in shares of Patterson Companies by 1.2% in the fourth quarter. Arizona State Retirement System now owns 59,292 shares of the company’s stock valued at $1,166,000 after purchasing an additional 698 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Patterson Companies by 14.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock valued at $117,000 after purchasing an additional 761 shares during the period.
About Patterson Companies
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.
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