Patterson Companies (NASDAQ:PDCO) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $1.36-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37.
Several analysts have recently issued reports on PDCO shares. Goldman Sachs Group set a $15.00 price objective on Patterson Companies and gave the stock a sell rating in a report on Friday, August 30th. Robert W. Baird set a $19.00 price target on shares of Patterson Companies and gave the stock a hold rating in a research report on Friday, August 30th. William Blair restated a market perform rating on shares of Patterson Companies in a research report on Wednesday. UBS Group decreased their price target on shares of Patterson Companies from $23.00 to $16.00 and set a neutral rating on the stock in a research note on Friday, September 6th. Finally, Wolfe Research set a $17.00 price objective on shares of Patterson Companies and gave the company a sell rating in a research report on Friday, August 30th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $18.63.
Shares of Patterson Companies stock opened at $20.23 on Thursday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 2.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.81. The stock has a 50 day moving average price of $18.28 and a 200-day moving average price of $19.30. Patterson Companies has a one year low of $15.73 and a one year high of $26.37.
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. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a return on equity of 8.95% and a net margin of 2.12%. Patterson Companies’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. Sell-side analysts predict that Patterson Companies will post 1.38 earnings per share for the current fiscal year.
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.
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