Wall Street analysts expect Patterson Companies, Inc. (NASDAQ:PDCO) to announce earnings per share (EPS) of $0.39 for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Patterson Companies’ earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. Patterson Companies posted earnings of $0.43 per share during the same quarter last year, which would suggest a negative year over year growth rate of 9.3%. The firm is expected to report its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Patterson Companies will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.45. For the next fiscal year, analysts expect that the business will report earnings of $1.55 per share, with EPS estimates ranging from $1.50 to $1.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Patterson Companies.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, December 6th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a net margin of 3.01% and a return on equity of 9.71%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share.

A number of equities analysts recently commented on PDCO shares. ValuEngine lowered shares of Patterson Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research reaffirmed a “hold” rating on shares of Patterson Companies in a research report on Wednesday, November 14th. BidaskClub lowered shares of Patterson Companies from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Goldman Sachs Group started coverage on shares of Patterson Companies in a research report on Friday, October 19th. They set a “sell” rating and a $19.00 price target on the stock. Finally, Leerink Swann started coverage on shares of Patterson Companies in a research report on Friday, August 10th. They set a “market perform” rating and a $25.00 price target on the stock. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.58.

NASDAQ:PDCO traded down $0.05 during mid-day trading on Friday, reaching $23.04. 83,196 shares of the company’s stock were exchanged, compared to its average volume of 1,482,899. Patterson Companies has a one year low of $20.22 and a one year high of $38.52. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 3.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.79.

A number of institutional investors have recently made changes to their positions in PDCO. FMR LLC grew its stake in Patterson Companies by 100.5% during the second quarter. FMR LLC now owns 4,692,969 shares of the company’s stock worth $106,389,000 after buying an additional 2,352,041 shares in the last quarter. BlackRock Inc. grew its stake in Patterson Companies by 31.3% during the second quarter. BlackRock Inc. now owns 9,003,165 shares of the company’s stock worth $204,103,000 after buying an additional 2,146,696 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Patterson Companies during the second quarter worth about $48,813,000. First Trust Advisors LP grew its stake in Patterson Companies by 187.9% during the second quarter. First Trust Advisors LP now owns 1,295,766 shares of the company’s stock worth $29,375,000 after buying an additional 845,635 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Patterson Companies by 224.6% during the second quarter. Renaissance Technologies LLC now owns 1,097,604 shares of the company’s stock worth $24,883,000 after buying an additional 759,500 shares in the last quarter.

About Patterson Companies

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

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