Analysts Expect Patterson Companies, Inc. (NASDAQ:PDCO) to Announce $0.50 EPS

Equities research analysts expect Patterson Companies, Inc. (NASDAQ:PDCO) to post $0.50 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for Patterson Companies’ earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.45. Patterson Companies posted earnings of $0.63 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 20.6%. The business is scheduled to report its next earnings report before the market opens on Wednesday, December 1st.

On average, analysts expect that Patterson Companies will report full-year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.05. For the next year, analysts expect that the company will post earnings of $2.18 per share, with EPS estimates ranging from $2.13 to $2.25. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Patterson Companies.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Wednesday, September 1st. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Patterson Companies had a return on equity of 20.74% and a net margin of 2.64%. Patterson Companies’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS.

Separately, Zacks Investment Research upgraded Patterson Companies from a “strong sell” rating to a “hold” rating and set a $31.00 price target for the company in a report on Tuesday, August 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.00.

NASDAQ PDCO traded down $0.52 on Thursday, reaching $32.09. The company had a trading volume of 462,425 shares, compared to its average volume of 813,642. The firm has a market capitalization of $3.12 billion, a PE ratio of 18.77, a P/E/G ratio of 1.72 and a beta of 1.52. Patterson Companies has a 1 year low of $27.02 and a 1 year high of $37.37. The firm has a 50-day moving average of $32.10 and a 200-day moving average of $31.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.51 and a quick ratio of 0.79.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 5th. Stockholders of record on Friday, October 22nd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Thursday, October 21st. Patterson Companies’s dividend payout ratio (DPR) is currently 60.82%.

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Patterson Companies by 16.4% during the 1st quarter. Principal Financial Group Inc. now owns 461,514 shares of the company’s stock valued at $14,745,000 after buying an additional 64,862 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Patterson Companies by 56.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 14,809 shares of the company’s stock valued at $447,000 after buying an additional 5,349 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Patterson Companies by 5.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 390,104 shares of the company’s stock valued at $11,855,000 after buying an additional 21,638 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its stake in shares of Patterson Companies by 103,915.8% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 39,526 shares of the company’s stock valued at $1,201,000 after buying an additional 39,488 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Patterson Companies during the 2nd quarter valued at approximately $849,000. Institutional investors own 84.12% of the company’s stock.

About Patterson Companies

Patterson Cos., Inc engages in dental and animal health supplies. It operates through the following segments: Dental, Animal Health, and Corporate. The Dental segment provides consumable dental products, equipment and software, turnkey digital solutions an value-added services to dentists and dental laboratories.

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