Patterson Companies, Inc. (NASDAQ:PDCO) – Equities research analysts at Leerink Swann lowered their Q3 2019 EPS estimates for shares of Patterson Companies in a research report issued to clients and investors on Friday, September 21st. Leerink Swann analyst D. Larsen now expects that the company will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.40. Leerink Swann has a “Market Perform” rating and a $25.00 price target on the stock. Leerink Swann also issued estimates for Patterson Companies’ Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.40 EPS and FY2020 earnings at $1.55 EPS.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Patterson Companies had a return on equity of 9.71% and a net margin of 3.01%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Patterson Companies from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, August 22nd. BidaskClub upgraded shares of Patterson Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Stifel Nicolaus lowered their target price on shares of Patterson Companies from $28.00 to $23.00 and set a “hold” rating on the stock in a research report on Monday, June 18th. ValuEngine upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Bank of America lowered their target price on shares of Patterson Companies from $22.00 to $20.00 and set an “underperform” rating on the stock in a research report on Tuesday, May 29th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $26.19.

Shares of PDCO opened at $25.10 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.79. The company has a market cap of $2.43 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 2.47 and a beta of 1.08. Patterson Companies has a 12-month low of $20.22 and a 12-month high of $40.36.

Several hedge funds and other institutional investors have recently modified their holdings of PDCO. Wells Fargo & Company MN lifted its holdings in shares of Patterson Companies by 5.1% during the first quarter. Wells Fargo & Company MN now owns 1,355,814 shares of the company’s stock worth $30,139,000 after purchasing an additional 66,346 shares during the period. Comerica Bank lifted its holdings in shares of Patterson Companies by 205.2% during the first quarter. Comerica Bank now owns 65,182 shares of the company’s stock worth $1,470,000 after purchasing an additional 43,825 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Patterson Companies by 85.7% during the first quarter. SG Americas Securities LLC now owns 28,380 shares of the company’s stock worth $631,000 after purchasing an additional 13,096 shares during the period. Swiss National Bank lifted its holdings in shares of Patterson Companies by 2.2% during the first quarter. Swiss National Bank now owns 150,100 shares of the company’s stock worth $3,337,000 after purchasing an additional 3,300 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of Patterson Companies by 320.9% during the first quarter. American International Group Inc. now owns 182,605 shares of the company’s stock worth $4,059,000 after purchasing an additional 139,218 shares during the period. 90.51% of the stock is owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Thursday, October 11th. Patterson Companies’s dividend payout ratio is presently 61.90%.

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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