Patterson Companies, Inc. (NASDAQ:PDCO) – Analysts at Northcoast Research reduced their Q2 2018 EPS estimates for Patterson Companies in a note issued to investors on Thursday. Northcoast Research analyst E. Snyder now anticipates that the company will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.55. Northcoast Research also issued estimates for Patterson Companies’ Q3 2018 earnings at $0.60 EPS, Q2 2019 earnings at $0.61 EPS and FY2019 earnings at $2.58 EPS.

A number of other brokerages have also recently weighed in on PDCO. Stifel Nicolaus cut shares of Patterson Companies from a “hold” rating to a “sell” rating and reduced their price target for the company from $47.43 to $39.00 in a research report on Thursday, July 6th. BidaskClub raised shares of Patterson Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 price target on shares of Patterson Companies in a research report on Friday, May 5th. Zacks Investment Research raised shares of Patterson Companies from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, May 2nd. Finally, UBS AG cut shares of Patterson Companies from a “neutral” rating to a “sell” rating and reduced their price target for the company from $44.50 to $40.00 in a research report on Tuesday, July 11th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.89.

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Patterson Companies (NASDAQ:PDCO) opened at 37.75 on Friday. Patterson Companies has a 12 month low of $35.93 and a 12 month high of $49.26. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 21.93 and a beta of 0.95. The stock’s 50 day moving average is $40.34 and its 200-day moving average is $43.74.

Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share.

Institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Patterson Companies by 11.7% in the fourth quarter. Teachers Advisors LLC now owns 106,670 shares of the company’s stock valued at $4,377,000 after buying an additional 11,214 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Patterson Companies by 2.6% in the first quarter. Gulf International Bank UK Ltd now owns 27,634 shares of the company’s stock valued at $1,249,000 after buying an additional 700 shares in the last quarter. Bank of Montreal Can raised its position in Patterson Companies by 4.4% in the first quarter. Bank of Montreal Can now owns 34,505 shares of the company’s stock valued at $1,563,000 after buying an additional 1,463 shares in the last quarter. Capstone Asset Management Co. raised its position in Patterson Companies by 10.1% in the first quarter. Capstone Asset Management Co. now owns 23,693 shares of the company’s stock valued at $1,072,000 after buying an additional 2,170 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Patterson Companies by 1.7% in the first quarter. Nisa Investment Advisors LLC now owns 27,465 shares of the company’s stock valued at $1,242,000 after buying an additional 465 shares in the last quarter. Institutional investors and hedge funds own 89.34% of the company’s stock.

In other Patterson Companies news, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $42.40, for a total transaction of $31,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott P. Anderson sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total transaction of $467,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,500 shares of company stock valued at $532,273. 0.46% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.04 annualized dividend and a yield of 2.75%. Patterson Companies’s payout ratio is 60.47%.

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.

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

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