Equities research analysts expect that Patterson Companies, Inc. (NASDAQ:PDCO) will post earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Patterson Companies’ earnings, with estimates ranging from $0.52 to $0.55. Patterson Companies reported earnings of $0.58 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.9%. The business is scheduled to announce its next earnings results before the market opens on Thursday, March 1st.

According to Zacks, analysts expect that Patterson Companies will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.04 to $2.27. For the next financial year, analysts expect that the firm will report earnings of $2.37 per share, with EPS estimates ranging from $2.19 to $2.55. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for 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 consensus estimate of $0.54 by ($0.03). Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis.

Several brokerages recently commented on PDCO. BidaskClub upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a report on Tuesday. Evercore ISI began coverage on shares of Patterson Companies in a report on Thursday, January 4th. They issued an “in-line” rating and a $38.50 target price on the stock. Zacks Investment Research upgraded shares of Patterson Companies from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, January 23rd. Jefferies Group reiterated a “hold” rating and issued a $37.00 target price on shares of Patterson Companies in a report on Thursday, November 23rd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $40.00 target price on shares of Patterson Companies in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Patterson Companies has an average rating of “Hold” and an average price target of $40.29.

In related news, Director John D. Buck acquired 2,834 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were bought at an average price of $34.93 per share, for a total transaction of $98,991.62. Following the acquisition, the director now owns 54,627 shares in the company, valued at approximately $1,908,121.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $36.38, for a total transaction of $27,285.00. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

Large investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. bought a new position in shares of Patterson Companies during the 3rd quarter worth about $2,961,000. FMR LLC boosted its position in shares of Patterson Companies by 5.7% during the 2nd quarter. FMR LLC now owns 1,400,718 shares of the company’s stock valued at $65,763,000 after acquiring an additional 75,354 shares in the last quarter. Clinton Group Inc. acquired a new stake in shares of Patterson Companies during the 2nd quarter valued at about $554,000. Nomura Holdings Inc. acquired a new stake in shares of Patterson Companies during the 2nd quarter valued at about $287,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Patterson Companies during the 2nd quarter valued at about $10,104,000. Institutional investors own 93.48% of the company’s stock.

Shares of Patterson Companies (PDCO) traded down $1.00 on Wednesday, reaching $35.74. 762,678 shares of the company traded hands, compared to its average volume of 1,285,444. The company has a market cap of $3,580.55, a P/E ratio of 21.46, a PEG ratio of 2.11 and a beta of 0.95. Patterson Companies has a 12-month low of $32.07 and a 12-month high of $48.29. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.73.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, January 11th. 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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