Patterson Companies, Inc. (NASDAQ:PDCO) – Stock analysts at William Blair upped their FY2020 earnings estimates for shares of Patterson Companies in a research report issued to clients and investors on Thursday, December 5th. William Blair analyst J. Kreger now anticipates that the company will earn $1.43 per share for the year, up from their previous estimate of $1.39. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Patterson Companies’ Q4 2020 earnings at $0.40 EPS, Q1 2021 earnings at $0.33 EPS, FY2021 earnings at $1.50 EPS and FY2022 earnings at $1.59 EPS.
Several other equities analysts have also recently commented on the company. BidaskClub upgraded Patterson Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group dropped their price target on shares of Patterson Companies from $23.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Barclays cut their price target on shares of Patterson Companies from $20.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Goldman Sachs Group set a $15.00 price objective on shares of Patterson Companies and gave the company a “sell” rating in a research note on Friday, August 30th. Finally, Wolfe Research set a $17.00 price objective on shares of Patterson Companies and gave the stock a “sell” rating in a report on Friday, August 30th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the stock. Patterson Companies has a consensus rating of “Hold” and a consensus price target of $19.00.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Patterson Companies had a return on equity of 8.97% and a net margin of 1.01%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. Patterson Companies’s revenue for the quarter was up 1.0% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in PDCO. Price T Rowe Associates Inc. MD lifted its position in shares of Patterson Companies by 1.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,044,153 shares of the company’s stock worth $321,611,000 after buying an additional 200,464 shares during the last quarter. BlackRock Inc. raised its stake in Patterson Companies by 1.6% during the second quarter. BlackRock Inc. now owns 10,020,708 shares of the company’s stock worth $229,474,000 after acquiring an additional 157,551 shares during the period. Vanguard Group Inc. raised its stake in Patterson Companies by 1.1% during the second quarter. Vanguard Group Inc. now owns 8,185,572 shares of the company’s stock worth $187,449,000 after acquiring an additional 90,532 shares during the period. Fairpointe Capital LLC lifted its holdings in Patterson Companies by 7.5% in the third quarter. Fairpointe Capital LLC now owns 3,164,915 shares of the company’s stock worth $56,399,000 after acquiring an additional 219,985 shares during the last quarter. Finally, State Street Corp lifted its holdings in Patterson Companies by 1.6% in the third quarter. State Street Corp now owns 2,983,118 shares of the company’s stock worth $53,159,000 after acquiring an additional 45,836 shares during the last quarter. 93.73% of the stock is currently owned by institutional investors.
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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