Wall Street analysts predict that Patterson Companies, Inc. (NASDAQ:PDCO) will report $1.38 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Patterson Companies’ earnings, with estimates ranging from $1.36 billion to $1.40 billion. Patterson Companies posted sales of $1.40 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.4%. The company is expected to announce its next earnings report before the market opens on Thursday, March 1st.
On average, analysts expect that Patterson Companies will report full-year sales of $1.38 billion for the current year, with estimates ranging from $5.48 billion to $5.64 billion. For the next financial year, analysts forecast that the company will post sales of $5.69 billion per share, with estimates ranging from $5.65 billion to $5.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Patterson Companies.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $0.56 earnings per share. Patterson Companies’s revenue was down 2.3% compared to the same quarter last year.
Patterson Companies (NASDAQ:PDCO) traded up $0.44 during mid-day trading on Monday, hitting $32.04. 946,600 shares of the stock were exchanged, compared to its average volume of 1,452,327. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.10. Patterson Companies has a one year low of $28.77 and a one year high of $48.29. The company has a market capitalization of $2,996.44, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.77 and a beta of 0.89.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, January 11th. This represents a $1.04 annualized dividend and a yield of 3.25%. Patterson Companies’s payout ratio is presently 62.28%.
In related news, Director John D. Buck bought 2,834 shares of the company’s stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of $34.93 per share, for a total transaction of $98,991.62. Following the completion of the transaction, the director now directly owns 54,627 shares in the company, valued at approximately $1,908,121.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total transaction of $27,285.00. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Amica Retiree Medical Trust raised its stake in shares of Patterson Companies by 433.8% during the third quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock worth $116,000 after acquiring an additional 2,429 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Patterson Companies by 423.4% during the second quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock worth $118,000 after acquiring an additional 2,041 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Patterson Companies during the fourth quarter worth approximately $145,000. Two Sigma Securities LLC purchased a new position in shares of Patterson Companies during the fourth quarter worth approximately $209,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Patterson Companies during the third quarter worth approximately $212,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.
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About Patterson Companies
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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