William Blair Comments on Patterson Companies, Inc.’s Q1 2021 Earnings (NASDAQ:PDCO)
Patterson Companies, Inc. (NASDAQ:PDCO) – Research analysts at William Blair boosted their Q1 2021 earnings per share (EPS) estimates for shares of Patterson Companies in a research report issued on Wednesday, June 24th. William Blair analyst J. Kreger now forecasts that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.15. William Blair also issued estimates for Patterson Companies’ Q2 2021 earnings at $0.27 EPS, Q3 2021 earnings at $0.38 EPS, Q4 2021 earnings at $0.47 EPS, FY2021 earnings at $1.32 EPS, FY2022 earnings at $1.85 EPS, FY2023 earnings at $1.94 EPS and FY2024 earnings at $2.06 EPS.
Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Wednesday, June 24th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.26. Patterson Companies had a positive return on equity of 9.99% and a negative net margin of 10.72%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $0.37 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis.
NASDAQ PDCO opened at $22.49 on Monday. The stock’s 50 day moving average is $18.75 and its 200 day moving average is $19.67. The company has a current ratio of 1.41, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. Patterson Companies has a 12 month low of $12.93 and a 12 month high of $25.70. The stock has a market cap of $2.19 billion, a PE ratio of -3.61, a P/E/G ratio of 2.50 and a beta of 1.53.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Thursday, July 16th. Patterson Companies’s dividend payout ratio is currently 67.10%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Patterson Companies by 0.4% during the 1st quarter. State Street Corp now owns 3,040,212 shares of the company’s stock valued at $46,485,000 after acquiring an additional 12,534 shares during the period. Victory Capital Management Inc. boosted its holdings in Patterson Companies by 1,609.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,333,120 shares of the company’s stock valued at $35,673,000 after acquiring an additional 2,196,609 shares during the period. Geode Capital Management LLC boosted its holdings in Patterson Companies by 7.5% during the 1st quarter. Geode Capital Management LLC now owns 1,295,686 shares of the company’s stock valued at $19,811,000 after acquiring an additional 90,075 shares during the period. Norges Bank purchased a new position in Patterson Companies during the 4th quarter valued at $18,687,000. Finally, Westwood Holdings Group Inc. boosted its holdings in Patterson Companies by 624.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 851,845 shares of the company’s stock valued at $17,446,000 after acquiring an additional 734,285 shares during the period. 88.04% of the stock is currently owned by hedge funds and other 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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