Patterson Companies, Inc. (PDCO) Expected to Announce Earnings of $0.40 Per Share

Brokerages expect that Patterson Companies, Inc. (NASDAQ:PDCO) will report $0.40 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Patterson Companies’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.41. Patterson Companies reported earnings per share of $0.30 in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The firm is expected to announce its next earnings report on Thursday, June 20th.

On average, analysts expect that Patterson Companies will report full-year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.42 to $1.45. For the next year, analysts forecast that the firm will report earnings of $1.53 per share, with EPS estimates ranging from $1.52 to $1.55. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Patterson Companies.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, February 28th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Patterson Companies had a return on equity of 8.50% and a net margin of 1.38%. During the same period in the prior year, the business posted $0.43 EPS.

A number of equities analysts have recently commented on PDCO shares. ValuEngine downgraded Patterson Companies from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Zacks Investment Research lowered Patterson Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. UBS Group started coverage on Patterson Companies in a research note on Thursday, January 17th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, BidaskClub upgraded Patterson Companies from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 8th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Patterson Companies currently has an average rating of “Hold” and an average target price of $21.95.

Several hedge funds have recently bought and sold shares of the company. Enlightenment Research LLC acquired a new stake in Patterson Companies during the 4th quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund grew its stake in Patterson Companies by 1,913.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 649,645 shares of the company’s stock valued at $33,000 after purchasing an additional 617,386 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Patterson Companies by 14.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock valued at $117,000 after purchasing an additional 761 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Patterson Companies during the 4th quarter valued at approximately $126,000. Finally, Tower Research Capital LLC TRC grew its stake in Patterson Companies by 542.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock valued at $150,000 after purchasing an additional 5,171 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

Patterson Companies stock opened at $21.85 on Wednesday. The stock has a market capitalization of $2.05 billion, a PE ratio of 13.01, a PEG ratio of 2.72 and a beta of 1.35. The company has a current ratio of 1.80, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50. Patterson Companies has a 12 month low of $18.94 and a 12 month high of $26.60.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.26 dividend. The ex-dividend date is Thursday, April 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.76%. Patterson Companies’s dividend payout ratio (DPR) is currently 61.90%.

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

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