Analysts expect that Patterson Companies, Inc. (NASDAQ:PDCO) will announce $0.51 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Patterson Companies’ earnings, with estimates ranging from $0.48 to $0.54. Patterson Companies posted earnings per share of $0.58 in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.1%. The business is expected to report its next earnings results before the market opens on Thursday, March 1st.
According to Zacks, analysts expect that Patterson Companies will report full year earnings of $2.11 per share for the current fiscal year, with EPS estimates ranging from $2.04 to $2.19. For the next year, analysts forecast that the company will post earnings of $2.37 per share, with EPS estimates ranging from $2.18 to $2.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Patterson Companies.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS.
In other news, Director John D. Buck acquired 2,834 shares of Patterson Companies stock in a transaction on Friday, November 24th. The stock was purchased at an average price 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total value of $27,285.00. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Amica Retiree Medical Trust grew its stake in Patterson Companies by 433.8% in the third quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after acquiring an additional 2,429 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Patterson Companies by 423.4% in the second quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after purchasing an additional 2,041 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Patterson Companies in the fourth quarter valued at approximately $145,000. Two Sigma Securities LLC bought a new position in shares of Patterson Companies in the fourth quarter valued at approximately $209,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Patterson Companies in the third quarter valued at approximately $212,000. 93.91% of the stock is owned by hedge funds and other institutional investors.
Shares of Patterson Companies (NASDAQ:PDCO) traded up $0.75 during mid-day trading on Friday, hitting $31.75. The stock had a trading volume of 1,930,000 shares, compared to its average volume of 1,431,083. The firm has a market capitalization of $3,010.66, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73. Patterson Companies has a 12 month low of $28.77 and a 12 month high of $48.29.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.04 annualized dividend and a yield of 3.28%. Patterson Companies’s dividend payout ratio is currently 62.28%.
ILLEGAL ACTIVITY NOTICE: “Brokerages Anticipate Patterson Companies, Inc. (PDCO) Will Post Earnings of $0.51 Per Share” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/03/14/brokerages-anticipate-patterson-companies-inc-pdco-will-post-earnings-of-0-51-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Patterson Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies and related companies with MarketBeat.com's FREE daily email newsletter.