Patterson Companies, Inc. (NASDAQ:PDCO) – Equities researchers at Northcoast Research lowered their FY2018 earnings per share estimates for shares of Patterson Companies in a research report issued on Thursday. Northcoast Research analyst E. Snyder now forecasts that the company will post earnings of $2.29 per share for the year, down from their prior estimate of $2.30. Northcoast Research also issued estimates for Patterson Companies’ Q4 2018 earnings at $0.72 EPS, Q1 2019 earnings at $0.51 EPS and Q3 2019 earnings at $0.67 EPS.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company posted $0.51 EPS. Patterson Companies’s revenue was down 1.4% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: “Patterson Companies, Inc. Expected to Post FY2018 Earnings of $2.29 Per Share (PDCO)” was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/patterson-companies-inc-expected-to-post-fy2018-earnings-of-2-29-per-share-pdco/1530176.html.

Other research analysts also recently issued research reports about the stock. Jefferies Group LLC restated a “hold” rating and set a $40.00 price objective on shares of Patterson Companies in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Patterson Companies from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, May 2nd. Credit Suisse Group reiterated an “outperform” rating and issued a $50.00 target price (up previously from $45.00) on shares of Patterson Companies in a research note on Thursday, July 13th. Stifel Nicolaus reduced their target price on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Tuesday, August 15th. Finally, BidaskClub lowered shares of Patterson Companies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Patterson Companies currently has an average rating of “Hold” and an average target price of $42.89.

Patterson Companies (NASDAQ:PDCO) traded up 0.29% during trading on Monday, hitting $37.76. 675,363 shares of the stock traded hands. The company’s 50 day moving average is $40.34 and its 200 day moving average is $43.74. The company has a market capitalization of $3.52 billion, a P/E ratio of 21.94 and a beta of 0.95. Patterson Companies has a one year low of $35.93 and a one year high of $49.26.

In related news, insider Ann B. Gugino sold 750 shares of the stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $42.40, for a total transaction of $31,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott P. Anderson sold 10,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total transaction of $467,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC raised its position in Patterson Companies by 11.7% in the fourth quarter. Teachers Advisors LLC now owns 106,670 shares of the company’s stock valued at $4,377,000 after buying an additional 11,214 shares during the last quarter. Bank of Montreal Can raised its position in Patterson Companies by 4.4% in the first quarter. Bank of Montreal Can now owns 34,505 shares of the company’s stock valued at $1,563,000 after buying an additional 1,463 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Patterson Companies by 1.7% in the first quarter. Nisa Investment Advisors LLC now owns 27,465 shares of the company’s stock valued at $1,242,000 after buying an additional 465 shares during the last quarter. Retirement Systems of Alabama raised its position in Patterson Companies by 0.7% in the first quarter. Retirement Systems of Alabama now owns 39,756 shares of the company’s stock valued at $1,798,000 after buying an additional 261 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in Patterson Companies by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 40,256 shares of the company’s stock valued at $1,821,000 after buying an additional 544 shares during the last quarter. Institutional investors own 88.59% of the company’s stock.

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.

Earnings History and Estimates for Patterson Companies (NASDAQ:PDCO)

Receive News & Ratings for Patterson Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.