Patterson Companies (NASDAQ:PDCO) is scheduled to be releasing its earnings data before the market opens on Thursday, March 1st. Analysts expect Patterson Companies to post earnings of $0.52 per share for the quarter.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. On average, analysts expect Patterson Companies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Patterson Companies (PDCO) opened at $32.04 on Thursday. The firm has a market cap of $3,040.00, a price-to-earnings ratio of 18.85, a PEG ratio of 1.77 and a beta of 0.89. Patterson Companies has a 52 week low of $28.77 and a 52 week 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.25%. Patterson Companies’s payout ratio is currently 61.18%.
A number of research firms have recently weighed in on PDCO. BidaskClub upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Evercore ISI began coverage on shares of Patterson Companies in a research note on Thursday, January 4th. They issued an “in-line” rating and a $38.50 price objective on the stock. Zacks Investment Research upgraded shares of Patterson Companies from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. Morgan Stanley lowered shares of Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 price objective on the stock. in a research note on Wednesday, December 6th. Finally, Jefferies Group reiterated a “hold” rating and issued a $37.00 price objective on shares of Patterson Companies in a research note on Thursday, November 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $39.96.
In related news, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total transaction of $27,285.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John D. Buck purchased 2,834 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average price of $34.93 per share, for a total transaction of $98,991.62. Following the transaction, the director now owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by company insiders.
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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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