Patterson Companies, Inc. (PDCO) Set to Announce Earnings on Monday
Patterson Companies, Inc. (NASDAQ:PDCO) will release its earnings data before the market opens on Monday, November 20th. Analysts expect Patterson Companies to post earnings of $0.55 per share for the quarter. Patterson Companies has set its FY18 guidance at $2.25-2.40 EPS.
Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, August 24th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. Patterson Companies’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. On average, analysts expect Patterson Companies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Patterson Companies, Inc. (NASDAQ PDCO) opened at $36.04 on Friday. The stock has a market capitalization of $3,450.00, a price-to-earnings ratio of 14.77, a PEG ratio of 1.72 and a beta of 0.96. The company has a current ratio of 2.01, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. Patterson Companies, Inc. has a 52-week low of $32.17 and a 52-week high of $49.26.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Thursday, October 12th. Patterson Companies’s dividend payout ratio (DPR) is presently 59.43%.
PDCO has been the topic of a number of 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. UBS AG raised Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a research report on Friday, August 25th. 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 target price on the stock. Morgan Stanley initiated coverage on Patterson Companies in a research report on Thursday, September 21st. They set an “equal weight” rating and a $42.00 target price on the stock. Finally, Royal Bank Of Canada initiated coverage on Patterson Companies in a research report on Tuesday, September 19th. They set a “sector perform” rating and a $42.00 target price on the stock. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $41.64.
In related news, CFO Ann B. Gugino sold 750 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total transaction of $27,547.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.
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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