Wall Street brokerages expect Patterson Companies, Inc. (NASDAQ:PDCO) to announce $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Patterson Companies’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.39. Patterson Companies posted earnings of $0.51 per share during the same quarter last year, which indicates a negative year over year growth rate of 29.4%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 29th.
On average, analysts expect that Patterson Companies will report full-year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.45. For the next year, analysts anticipate that the firm will post earnings of $1.55 per share, with EPS estimates ranging from $1.50 to $1.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Patterson Companies.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, August 30th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.08). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.30 billion. Patterson Companies had a return on equity of 9.71% and a net margin of 3.01%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share.
Shares of Patterson Companies stock traded up $0.15 during trading on Friday, hitting $24.76. 869,376 shares of the stock were exchanged, compared to its average volume of 1,433,803. The firm has a market capitalization of $2.31 billion, a PE ratio of 14.74, a P/E/G ratio of 3.35 and a beta of 1.01. Patterson Companies has a 1-year low of $20.22 and a 1-year high of $38.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.79 and a quick ratio of 0.87.
The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Thursday, October 11th. Patterson Companies’s payout ratio is 61.90%.
Several hedge funds have recently made changes to their positions in PDCO. FMR LLC boosted its holdings in shares of Patterson Companies by 100.5% during the 2nd quarter. FMR LLC now owns 4,692,969 shares of the company’s stock worth $106,389,000 after buying an additional 2,352,041 shares during the period. BlackRock Inc. boosted its holdings in shares of Patterson Companies by 31.3% during the 2nd quarter. BlackRock Inc. now owns 9,003,165 shares of the company’s stock worth $204,103,000 after buying an additional 2,146,696 shares during the period. Alps Advisors Inc. bought a new stake in shares of Patterson Companies during the 2nd quarter worth about $48,813,000. First Trust Advisors LP boosted its holdings in shares of Patterson Companies by 187.9% during the 2nd quarter. First Trust Advisors LP now owns 1,295,766 shares of the company’s stock worth $29,375,000 after buying an additional 845,635 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Patterson Companies by 224.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,097,604 shares of the company’s stock worth $24,883,000 after buying an additional 759,500 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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