Patterson Companies (PDCO) Updates FY19 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.40-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. Patterson Companies also updated its FY 2019 guidance to $1.40-1.50 EPS.

Shares of NASDAQ PDCO opened at $22.87 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 3.18 and a beta of 1.05. Patterson Companies has a 12 month low of $20.22 and a 12 month high of $38.52.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Thursday, December 6th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a return on equity of 8.78% and a net margin of 2.80%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. On average, research analysts forecast that Patterson Companies will post 1.42 earnings per share for the current fiscal year.

Several research analysts have commented on PDCO shares. ValuEngine downgraded Patterson Companies from a hold rating to a sell rating in a research report on Tuesday, October 2nd. Zacks Investment Research restated a hold rating on shares of Patterson Companies in a research report on Wednesday, November 14th. BidaskClub cut Patterson Companies from a buy rating to a hold rating in a research report on Thursday, September 27th. Goldman Sachs Group assumed coverage on Patterson Companies in a research report on Friday, October 19th. They set a sell rating and a $19.00 price objective on the stock. Finally, Leerink Swann assumed coverage on Patterson Companies in a research report on Friday, August 10th. They set a market perform rating and a $25.00 price objective on the stock. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Patterson Companies presently has an average rating of Hold and a consensus price target of $24.58.

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Patterson Companies Company Profile

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.

Further Reading: Diversification Important in Investing

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

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