Patterson Cos. (NASDAQ:PDCO) – Equities research analysts at William Blair cut their Q2 2017 earnings per share (EPS) estimates for Patterson Cos. in a report released on Monday. William Blair analyst J. Kreger now forecasts that the firm will post earnings of $0.59 per share for the quarter, down from their prior forecast of $0.60. William Blair also issued estimates for Patterson Cos.’s Q3 2017 earnings at $0.71 EPS, Q4 2017 earnings at $0.80 EPS, FY2017 earnings at $2.60 EPS and FY2018 earnings at $2.90 EPS.
Patterson Cos. (NASDAQ:PDCO) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Patterson Cos. had a net margin of 3.52% and a return on equity of 17.42%. The business earned $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the business posted $0.47 EPS. The business’s quarterly revenue was up 15.7% compared to the same quarter last year.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Patterson Cos. from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird restated a “neutral” rating and set a $49.00 target price (down from $51.00) on shares of Patterson Cos. in a research report on Friday, August 26th. TheStreet lowered shares of Patterson Cos. from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Jefferies Group restated a “hold” rating on shares of Patterson Cos. in a research report on Thursday, August 4th. Finally, Off Wall Street assumed coverage on shares of Patterson Cos. in a research report on Monday, August 8th. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Patterson Cos. presently has a consensus rating of “Hold” and a consensus price target of $48.40.
Shares of Patterson Cos. (NASDAQ:PDCO) traded down 1.15% during mid-day trading on Wednesday, reaching $44.78. 291,547 shares of the company’s stock traded hands. Patterson Cos. has a one year low of $38.51 and a one year high of $50.40. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 22.08 and a beta of 0.94. The firm’s 50-day moving average is $45.96 and its 200 day moving average is $46.59.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.96 dividend on an annualized basis and a yield of 2.12%. Patterson Cos.’s dividend payout ratio (DPR) is 47.29%.
In related news, insider Ann B. Gugino sold 750 shares of Patterson Cos. stock in a transaction on Monday, August 29th. The shares were sold at an average price of $46.22, for a total value of $34,665.00. Following the transaction, the insider now directly owns 40,153 shares in the company, valued at approximately $1,855,871.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp increased its stake in Patterson Cos. by 4.1% in the third quarter. Toth Financial Advisory Corp now owns 107,087 shares of the company’s stock worth $4,920,000 after buying an additional 4,188 shares during the period. Capstone Asset Management Co. increased its stake in Patterson Cos. by 2.3% in the third quarter. Capstone Asset Management Co. now owns 13,983 shares of the company’s stock worth $642,000 after buying an additional 310 shares during the period. Fenimore Asset Management Inc. increased its stake in Patterson Cos. by 3.6% in the third quarter. Fenimore Asset Management Inc. now owns 757,175 shares of the company’s stock worth $34,785,000 after buying an additional 25,985 shares during the period. British Columbia Investment Management Corp increased its stake in Patterson Cos. by 135.2% in the third quarter. British Columbia Investment Management Corp now owns 48,397 shares of the company’s stock worth $2,223,000 after buying an additional 27,816 shares during the period. Finally, New England Research & Management Inc. acquired a new stake in Patterson Cos. during the third quarter worth approximately $577,000. 77.29% of the stock is owned by institutional investors.
Patterson Cos. Company Profile
Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.
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