Brokerages expect Patterson Companies, Inc. (NASDAQ:PDCO) to report earnings per share of $0.31 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Patterson Companies’ earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.27. Patterson Companies posted earnings of $0.69 per share in the same quarter last year, which indicates a negative year over year growth rate of 55.1%. The business is expected to issue its next quarterly earnings results on Thursday, May 24th.

On average, analysts expect that Patterson Companies will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.65 to $1.77. For the next year, analysts expect that the firm will post earnings of $1.88 per share, with EPS estimates ranging from $1.62 to $2.02. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Patterson Companies.

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Patterson Companies (NASDAQ:PDCO) last posted its earnings results on Thursday, March 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.09). Patterson Companies had a return on equity of 13.85% and a net margin of 4.39%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year.

Several analysts have issued reports on PDCO shares. Zacks Investment Research upgraded shares of Patterson Companies from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. lowered their target price on shares of Patterson Companies from $36.00 to $26.00 and set an “underweight” rating on the stock in a research note on Monday, March 5th. Deutsche Bank started coverage on shares of Patterson Companies in a research note on Friday, December 8th. They issued a “hold” rating and a $37.00 target price on the stock. BidaskClub upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, Jefferies Group reiterated a “hold” rating and issued a $26.00 target price on shares of Patterson Companies in a research note on Tuesday, March 6th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.30.

Patterson Companies (NASDAQ PDCO) traded up $0.12 during midday trading on Friday, reaching $22.22. 349,012 shares of the company’s stock traded hands, compared to its average volume of 2,369,969. Patterson Companies has a fifty-two week low of $22.10 and a fifty-two week high of $48.29. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2,132.10, a PE ratio of 8.58, a PEG ratio of 1.79 and a beta of 0.98.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Thursday, April 12th. Patterson Companies’s dividend payout ratio (DPR) is currently 40.15%.

Patterson Companies announced that its board has authorized a stock buyback plan on Tuesday, March 13th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total transaction of $27,285.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Several institutional investors have recently bought and sold shares of PDCO. Amica Retiree Medical Trust raised its position in shares of Patterson Companies by 433.8% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after buying an additional 2,429 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Patterson Companies by 346.8% during the 4th quarter. Advisory Services Network LLC now owns 3,454 shares of the company’s stock valued at $125,000 after buying an additional 2,681 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Patterson Companies during the 4th quarter valued at $145,000. Two Sigma Securities LLC purchased a new stake in shares of Patterson Companies during the 4th quarter valued at $209,000. Finally, IFG Advisory LLC purchased a new stake in shares of Patterson Companies during the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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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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