Analysts expect that Patterson Companies, Inc. (NASDAQ:PDCO) will report sales of $1.38 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Patterson Companies’ earnings. The highest sales estimate is $1.40 billion and the lowest is $1.36 billion. Patterson Companies reported sales of $1.40 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The firm is scheduled to announce its next earnings report on Thursday, February 22nd.

On average, analysts expect that Patterson Companies will report full year sales of $1.38 billion for the current fiscal year, with estimates ranging from $5.48 billion to $5.64 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.69 billion per share, with estimates ranging from $5.65 billion to $5.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Patterson Companies.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $0.56 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis.

PDCO has been the topic of several recent analyst reports. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley cut Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 price objective on the stock. in a research report on Wednesday, December 6th. Deutsche Bank initiated coverage on Patterson Companies in a research report on Friday, December 8th. They set a “hold” rating and a $37.00 price objective on the stock. Piper Jaffray Companies initiated coverage on Patterson Companies in a research report on Thursday, October 19th. They set a “neutral” rating and a $41.00 price objective on the stock. Finally, Stifel Nicolaus raised Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Patterson Companies has a consensus rating of “Hold” and an average price target of $40.23.

Shares of Patterson Companies (NASDAQ:PDCO) opened at $37.51 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73. Patterson Companies has a 12-month low of $32.07 and a 12-month high of $48.29. The company has a market capitalization of $3,556.85, a price-to-earnings ratio of 22.46, a P/E/G ratio of 2.11 and a beta of 0.95.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, January 11th. Patterson Companies’s dividend payout ratio is 62.28%.

In other Patterson Companies news, Director John D. Buck bought 2,834 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average price of $34.93 per share, with a total value of $98,991.62. Following the purchase, the director now owns 54,627 shares of the company’s stock, valued at $1,908,121.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total value of $27,285.00. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ridgewood Investments LLC grew its holdings in Patterson Companies by 22.8% during the 4th quarter. Ridgewood Investments LLC now owns 8,204 shares of the company’s stock valued at $296,000 after buying an additional 1,523 shares in the last quarter. Rowland & Co. Investment Counsel ADV purchased a new position in Patterson Companies during the 4th quarter valued at approximately $750,000. Sit Investment Associates Inc. grew its holdings in Patterson Companies by 12.4% during the 4th quarter. Sit Investment Associates Inc. now owns 86,000 shares of the company’s stock valued at $3,107,000 after buying an additional 9,470 shares in the last quarter. Confluence Investment Management LLC grew its holdings in Patterson Companies by 3.7% during the 4th quarter. Confluence Investment Management LLC now owns 250,481 shares of the company’s stock valued at $9,049,000 after buying an additional 8,929 shares in the last quarter. Finally, AXA grew its holdings in Patterson Companies by 32.4% during the 3rd quarter. AXA now owns 249,388 shares of the company’s stock valued at $9,639,000 after buying an additional 61,088 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

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About Patterson Companies

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.

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

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