Patterson Cos. (PDCO) to Release Quarterly Earnings on Tuesday
Patterson Cos. (NASDAQ:PDCO) is scheduled to announce its Q217 earnings results on Tuesday, November 22nd. Analysts expect the company to announce earnings of $0.60 per share and revenue of $1.44 billion for the quarter.
Patterson Cos. (NASDAQ:PDCO) last released its earnings results on Thursday, August 25th. The company reported $0.51 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Patterson Cos. had a net margin of 3.52% and a return on equity of 17.42%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, analysts expect Patterson Cos. to post $2.64 EPS for the current fiscal year and $2.92 EPS for the next fiscal year.
Patterson Cos. (NASDAQ:PDCO) opened at 46.49 on Monday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 22.92 and a beta of 0.97. Patterson Cos. has a 12-month low of $38.51 and a 12-month high of $50.40. The company’s 50 day moving average is $45.35 and its 200 day moving average is $46.66.
The company also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.06%. The ex-dividend date was Wednesday, October 12th. Patterson Cos.’s dividend payout ratio is currently 47.29%.
In related news, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $46.22, for a total value of $34,665.00. Following the sale, the insider now owns 40,153 shares in the company, valued at $1,855,871.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of Patterson Cos. by 30.2% in the second quarter. Fifth Third Bancorp now owns 3,871 shares of the company’s stock valued at $185,000 after buying an additional 899 shares in the last quarter. Clinton Group Inc. acquired a new stake in shares of Patterson Cos. during the second quarter valued at $295,000. Dubuque Bank & Trust Co. boosted its stake in shares of Patterson Cos. by 20.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,305 shares of the company’s stock valued at $350,000 after buying an additional 1,220 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Patterson Cos. by 440.8% in the second quarter. Pacer Advisors Inc. now owns 7,906 shares of the company’s stock valued at $379,000 after buying an additional 6,444 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in shares of Patterson Cos. during the second quarter valued at $384,000. Institutional investors own 76.53% of the company’s stock.
Several equities analysts have weighed in on PDCO shares. Northcoast Research reaffirmed a “buy” rating on shares of Patterson Cos. in a report on Tuesday, November 1st. TheStreet raised shares of Patterson Cos. from a “hold” rating to a “buy” rating in a report on Friday, November 11th. Jefferies Group reaffirmed a “hold” rating on shares of Patterson Cos. in a report on Thursday, August 4th. Zacks Investment Research raised shares of Patterson Cos. from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. Finally, Evercore ISI reaffirmed a “hold” rating and set a $48.00 price target (down previously from $49.00) on shares of Patterson Cos. in a report on Friday, August 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Patterson Cos. has an average rating of “Hold” and a consensus price target of $48.40.
Patterson Cos. Company Profile
Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.
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