William Blair Has Negative Outlook for PDCO FY2025 Earnings

Patterson Companies, Inc. (NASDAQ:PDCO) – Equities researchers at William Blair lowered their FY2025 earnings per share estimates for shares of Patterson Companies in a research report issued on Friday, December 6th. William Blair analyst B. Vazquez now anticipates that the company will post earnings per share of $2.27 for the year, down from their prior estimate of $2.35. The consensus estimate for Patterson Companies’ current full-year earnings is $2.29 per share. William Blair also issued estimates for Patterson Companies’ FY2027 earnings at $2.56 EPS.

A number of other analysts also recently commented on the company. Evercore ISI reduced their price objective on Patterson Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, October 8th. Mizuho initiated coverage on Patterson Companies in a research report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 target price for the company. JPMorgan Chase & Co. cut their target price on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Piper Sandler cut their target price on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Finally, Stifel Nicolaus cut their target price on Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.10.

Patterson Companies Price Performance

Shares of PDCO stock opened at $23.11 on Monday. The stock has a 50 day moving average of $21.05 and a two-hundred day moving average of $22.77. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. Patterson Companies has a 12 month low of $19.45 and a 12 month high of $30.68. The company has a market capitalization of $2.04 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.69 and a beta of 1.00.

Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business posted $0.50 EPS. Patterson Companies’s revenue was up 1.0% compared to the same quarter last year.

Institutional Investors Weigh In On Patterson Companies

Several hedge funds and other institutional investors have recently made changes to their positions in PDCO. LRI Investments LLC increased its holdings in Patterson Companies by 201.2% in the second quarter. LRI Investments LLC now owns 1,262 shares of the company’s stock valued at $30,000 after purchasing an additional 843 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Patterson Companies in the second quarter valued at about $41,000. Family Firm Inc. bought a new stake in Patterson Companies in the second quarter valued at about $45,000. Meeder Asset Management Inc. bought a new stake in Patterson Companies in the second quarter valued at about $45,000. Finally, International Assets Investment Management LLC increased its holdings in Patterson Companies by 2,084.0% in the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock valued at $48,000 after purchasing an additional 2,084 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Patterson Companies

In other news, CEO Donald Zurbay sold 1,962 shares of Patterson Companies stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.08, for a total value of $45,282.96. Following the completion of the sale, the chief executive officer now directly owns 222,736 shares of the company’s stock, valued at approximately $5,140,746.88. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Patterson Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Wednesday, October 16th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.04 dividend on an annualized basis and a yield of 4.50%. Patterson Companies’s dividend payout ratio is 60.82%.

Patterson Companies Company Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.