Analysts predict that Patterson Companies, Inc. (NASDAQ:PDCO) will announce sales of $1.42 billion for the current quarter, according to Zacks. Six analysts have made estimates for Patterson Companies’ earnings, with the highest sales estimate coming in at $1.43 billion and the lowest estimate coming in at $1.41 billion. Patterson Companies reported sales of $1.40 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The firm is scheduled to report its next quarterly earnings report on Thursday, December 5th.
According to Zacks, analysts expect that Patterson Companies will report full year sales of $5.62 billion for the current year, with estimates ranging from $5.58 billion to $5.64 billion. For the next year, analysts forecast that the business will report sales of $5.76 billion, with estimates ranging from $5.69 billion to $5.84 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Patterson Companies.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Patterson Companies had a return on equity of 8.95% and a net margin of 2.12%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share.
Several equities analysts have recently weighed in on the company. Barclays reduced their price target on Patterson Companies from $20.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. ValuEngine upgraded Patterson Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group set a $15.00 price target on Patterson Companies and gave the company a “sell” rating in a research report on Friday, August 30th. Robert W. Baird set a $19.00 price target on Patterson Companies and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, BidaskClub cut Patterson Companies from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.63.
Shares of NASDAQ PDCO opened at $17.45 on Monday. The stock has a market cap of $1.67 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.36. Patterson Companies has a fifty-two week low of $15.73 and a fifty-two week high of $26.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.81. The stock has a fifty day moving average of $17.24 and a 200-day moving average of $20.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.96%. The ex-dividend date is Thursday, October 10th. Patterson Companies’s dividend payout ratio is 74.29%.
Large investors have recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI increased its holdings in Patterson Companies by 42.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 56,652 shares of the company’s stock valued at $1,010,000 after purchasing an additional 16,995 shares during the period. Confluence Investment Management LLC increased its stake in shares of Patterson Companies by 1.6% in the 3rd quarter. Confluence Investment Management LLC now owns 373,621 shares of the company’s stock worth $6,658,000 after purchasing an additional 5,932 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Patterson Companies in the 3rd quarter worth $609,000. State of Alaska Department of Revenue purchased a new stake in shares of Patterson Companies in the 3rd quarter worth $272,000. Finally, Rowland & Co. Investment Counsel ADV increased its stake in shares of Patterson Companies by 4.9% in the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 109,362 shares of the company’s stock worth $1,959,000 after purchasing an additional 5,143 shares in the last quarter. 94.60% of the stock is owned by institutional investors.
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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