Patterson Companies (NASDAQ:PDCO) Issues FY20 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $1.36-1.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.37.

NASDAQ PDCO opened at $23.51 on Friday. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.56 and a beta of 1.36. Patterson Companies has a twelve month low of $15.73 and a twelve month high of $25.25. The company has a current ratio of 1.59, a quick ratio of 0.88 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $18.52 and a 200 day moving average of $19.31.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Patterson Companies had a return on equity of 8.97% and a net margin of 1.01%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. Patterson Companies’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts predict that Patterson Companies will post 1.4 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. Robert W. Baird upped their target price on Patterson Companies from $19.00 to $22.00 and gave the stock a neutral rating in a research note on Friday. Goldman Sachs Group set a $15.00 price target on shares of Patterson Companies and gave the company a sell rating in a research note on Friday, August 30th. BidaskClub raised shares of Patterson Companies from a hold rating to a buy rating in a report on Wednesday, November 27th. William Blair restated a market perform rating on shares of Patterson Companies in a research report on Wednesday. Finally, ValuEngine upgraded shares of Patterson Companies from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Patterson Companies presently has a consensus rating of Hold and a consensus target price of $19.00.

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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Earnings History and Estimates for Patterson Companies (NASDAQ:PDCO)

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