Patterson Cos. (NASDAQ:PDCO) – Stock analysts at Northcoast Research decreased their Q3 2017 EPS estimates for shares of Patterson Cos. in a research report issued to clients and investors on Monday. Northcoast Research analyst E. Snyder now expects that the brokerage will post earnings per share of $0.57 for the quarter, down from their previous forecast of $0.72. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for Patterson Cos.’s Q4 2017 earnings at $0.65 EPS, Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.63 EPS and Q4 2018 earnings at $0.77 EPS.

Patterson Cos. (NASDAQ:PDCO) last announced its earnings results on Tuesday, November 22nd. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.04. Patterson Cos. had a net margin of 3.69% and a return on equity of 17.17%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company earned $0.56 EPS. Patterson Cos.’s revenue for the quarter was up 2.1% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: “Q3 2017 Earnings Forecast for Patterson Cos. Issued By Northcoast Research (PDCO)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2016/11/30/q3-2017-earnings-forecast-for-patterson-cos-issued-by-northcoast-research-pdco.html.

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

Several other research firms have also weighed in on PDCO. Jefferies Group reiterated a “hold” rating on shares of Patterson Cos. in a report on Thursday, August 4th. Bank of America Corp. initiated coverage on Patterson Cos. in a report on Wednesday, August 24th. They set an “underperform” rating and a $44.00 target price on the stock. Zacks Investment Research upgraded Patterson Cos. from a “sell” rating to a “hold” rating in a report on Monday, September 5th. Finally, Evercore ISI reiterated a “hold” rating and set a $39.00 target price (down from $46.00) on shares of Patterson Cos. in a report on Monday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.33.

Shares of Patterson Cos. (NASDAQ:PDCO) opened at 38.87 on Tuesday. Patterson Cos. has a 52 week low of $36.46 and a 52 week high of $50.40. The company’s 50-day moving average price is $44.75 and its 200 day moving average price is $46.63. The company has a market cap of $3.70 billion, a P/E ratio of 18.05 and a beta of 0.97.

TRADEMARK VIOLATION NOTICE: “Q3 2017 Earnings Forecast for Patterson Cos. Issued By Northcoast Research (PDCO)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2016/11/30/q3-2017-earnings-forecast-for-patterson-cos-issued-by-northcoast-research-pdco.html.

Several hedge funds have recently added to or reduced their stakes in the stock. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in Patterson Cos. during the second quarter worth about $220,000. State of Alaska Department of Revenue increased its stake in Patterson Cos. by 0.3% in the second quarter. State of Alaska Department of Revenue now owns 19,811 shares of the company’s stock worth $948,000 after buying an additional 54 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Patterson Cos. during the second quarter worth about $326,000. Windsor Financial Group LLC increased its stake in Patterson Cos. by 2.6% in the second quarter. Windsor Financial Group LLC now owns 104,774 shares of the company’s stock worth $5,018,000 after buying an additional 2,700 shares in the last quarter. Finally, Fenimore Asset Management Inc. increased its stake in Patterson Cos. by 5.3% in the second quarter. Fenimore Asset Management Inc. now owns 731,190 shares of the company’s stock worth $35,017,000 after buying an additional 36,550 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:PDCO

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