Patterson Companies (NASDAQ:PDCO) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.29.
PDCO has been the subject of a number of research analyst reports. Morgan Stanley downgraded shares of Patterson Companies from an equal weight rating to an underweight rating and set a $42.00 price target for the company. in a research note on Wednesday. Robert W. Baird restated a buy rating and issued a $40.00 price objective on shares of Patterson Companies in a research report on Wednesday, November 22nd. Jefferies Group restated a hold rating and issued a $37.00 price objective on shares of Patterson Companies in a research report on Thursday, November 23rd. Stifel Nicolaus upgraded shares of Patterson Companies from a sell rating to a hold rating and set a $34.00 price target on the stock in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of Patterson Companies from a sell rating to a hold rating in a research report on Monday, October 23rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Patterson Companies currently has a consensus rating of Hold and an average price target of $41.20.
Shares of Patterson Companies (NASDAQ PDCO) traded down $1.51 during trading on Wednesday, reaching $34.81. 2,821,032 shares of the company were exchanged, compared to its average volume of 1,308,511. The company has a market capitalization of $3,572.44, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 2.13 and a beta of 0.95. Patterson Companies has a 12 month low of $32.07 and a 12 month high of $48.29. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73.
In related news, Director John D. Buck bought 2,834 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average cost of $34.93 per share, with a total value of $98,991.62. Following the completion of the purchase, the director now owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann B. Gugino sold 750 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total transaction of $27,547.50. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.
Patterson Companies Company Profile
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
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