Patterson Cos. (NASDAQ:PDCO) issued its quarterly earnings data on Thursday. The company reported $0.48 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.48, American Banking News reports. The company had revenue of $998.80 million for the quarter, compared to the consensus estimate of $1,000.00 million.
Shares of Patterson Cos. (NASDAQ:PDCO) opened at 42.60 on Thursday. Patterson Cos. has a one year low of $33.00 and a one year high of $44.39. The stock’s 50-day moving average is $41.79 and its 200-day moving average is $40.31. The company has a market cap of $4.304 billion and a price-to-earnings ratio of 21.10.
A number of research firms have recently commented on PDCO. Analysts at UBS AG downgraded shares of Patterson Cos. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $46.00 price target on the stock. On a related note, analysts at Ned Davis Research downgraded shares of Patterson Cos. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.88.
Patterson Companies, Inc (NASDAQ:PDCO) is a distributor serving three markets: the United States companion animal (dogs, cats and other common household pets) and equine veterinary supply, and the worldwide rehabilitation and assistive products supply market.
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