$0.40 Earnings Per Share Expected for Patterson Companies, Inc. (PDCO) This Quarter

Wall Street analysts expect Patterson Companies, Inc. (NASDAQ:PDCO) to announce $0.40 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Patterson Companies’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.41. Patterson Companies reported earnings of $0.30 per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is scheduled to report its next quarterly 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 year, with EPS estimates ranging from $1.42 to $1.45. For the next fiscal year, analysts forecast that the business will post earnings of $1.53 per share, with EPS estimates ranging from $1.50 to $1.55. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Patterson Companies.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, February 28th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Patterson Companies had a return on equity of 8.50% and a net margin of 1.38%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $0.43 EPS.

Several research analysts recently weighed in on PDCO shares. BidaskClub cut shares of Patterson Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Guggenheim started coverage on shares of Patterson Companies in a research report on Wednesday, April 17th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, UBS Group initiated coverage on shares of Patterson Companies in a research report on Thursday, January 17th. They issued a “neutral” rating and a $23.00 price objective for the company. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.86.

Institutional investors have recently modified their holdings of the business. Financial Gravity Wealth Inc. bought a new stake in shares of Patterson Companies in the 1st quarter valued at $49,000. Strs Ohio acquired a new position in Patterson Companies in the 1st quarter worth $1,013,000. Eqis Capital Management Inc. acquired a new position in shares of Patterson Companies during the 1st quarter worth about $339,000. Biechele Royce Advisors boosted its stake in shares of Patterson Companies by 5.4% during the 1st quarter. Biechele Royce Advisors now owns 265,495 shares of the company’s stock worth $5,801,000 after buying an additional 13,686 shares during the last quarter. Finally, Trilogy Capital Inc. acquired a new position in shares of Patterson Companies during the 1st quarter worth about $201,000. Institutional investors own 95.21% of the company’s stock.

PDCO stock opened at $21.34 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.89. Patterson Companies has a fifty-two week low of $18.94 and a fifty-two week high of $26.60. The company has a market capitalization of $2.03 billion, a P/E ratio of 12.70, a P/E/G ratio of 2.70 and a beta of 1.34.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Thursday, April 11th. Patterson Companies’s payout ratio is 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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