Patterson Cos. (NASDAQ:PDCO) – Stock analysts at William Blair lowered their Q3 2017 earnings estimates for Patterson Cos. in a research report issued on Wednesday. William Blair analyst J. Kreger now forecasts that the firm will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.71. William Blair also issued estimates for Patterson Cos.’s Q4 2017 earnings at $0.65 EPS, FY2017 earnings at $2.29 EPS and FY2019 earnings at $2.84 EPS.

A number of other analysts also recently issued reports on the stock. Off Wall Street started coverage on shares of Patterson Cos. in a report on Monday, August 8th. They set a “sell” rating on the stock. Bank of America Corp. initiated coverage on shares of Patterson Cos. in a report on Wednesday, August 24th. They set an “underperform” rating and a $44.00 price target on the stock. Zacks Investment Research downgraded shares of Patterson Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $49.00 price objective (down from $51.00) on shares of Patterson Cos. in a report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.40.

Earnings History and Estimates for Patterson Cos. (NASDAQ:PDCO)

Patterson Cos. (NASDAQ:PDCO) opened at 39.26 on Thursday. The company’s 50 day moving average is $45.11 and its 200-day moving average is $46.67. Patterson Cos. has a 1-year low of $36.46 and a 1-year high of $50.40. The stock has a market capitalization of $3.75 billion, a PE ratio of 19.36 and a beta of 0.97.

Patterson Cos. (NASDAQ:PDCO) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.04. Patterson Cos. had a return on equity of 17.16% and a net margin of 3.69%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. Patterson Cos.’s revenue for the quarter was up 2.1% on a year-over-year basis.

Several large investors have recently modified their holdings of PDCO. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Patterson Cos. during the first quarter worth approximately $2,354,000. Legal & General Group Plc boosted its stake in Patterson Cos. by 1.7% in the first quarter. Legal & General Group Plc now owns 455,681 shares of the company’s stock valued at $21,198,000 after buying an additional 7,468 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Patterson Cos. by 9.8% in the first quarter. Envestnet Asset Management Inc. now owns 62,504 shares of the company’s stock valued at $2,908,000 after buying an additional 5,602 shares during the last quarter. Arizona State Retirement System boosted its stake in Patterson Cos. by 2.0% in the first quarter. Arizona State Retirement System now owns 71,023 shares of the company’s stock valued at $3,305,000 after buying an additional 1,400 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in Patterson Cos. by 10.4% in the first quarter. First Republic Investment Management Inc. now owns 26,058 shares of the company’s stock valued at $1,213,000 after buying an additional 2,462 shares during the last quarter. Institutional investors and hedge funds own 78.44% of the company’s stock.

In other news, insider Ann B. Gugino sold 750 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $46.22, for a total value of $34,665.00. Following the completion of the sale, the insider now directly 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 through this link. 0.46% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, October 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Wednesday, October 12th. Patterson Cos.’s dividend payout ratio (DPR) is 44.65%.

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About Patterson Cos.

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.

5 Day Chart for NASDAQ:PDCO

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