Patterson Companies, Inc. (PDCO) Issues Earnings Results
Patterson Companies, Inc. (NASDAQ:PDCO) posted its earnings results on Tuesday. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03), Bloomberg Earnings reports. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. Patterson Companies updated its FY18 guidance to $2.00-2.10 EPS.
Shares of Patterson Companies (NASDAQ PDCO) opened at $35.29 on Thursday. The company has a market cap of $3,333.00, a P/E ratio of 15.68, a P/E/G ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.15. Patterson Companies has a 12 month low of $32.07 and a 12 month high of $48.29.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, October 12th. Patterson Companies’s dividend payout ratio (DPR) is presently 62.28%.
In related news, CFO Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by company insiders.
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A number of research analysts have commented on the stock. Stifel Nicolaus raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Wednesday, November 15th. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Patterson Companies in a research report on Friday, November 10th. Zacks Investment Research raised shares of Patterson Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Piper Jaffray Companies began coverage on shares of Patterson Companies in a research report on Thursday, October 19th. They issued a “neutral” rating and a $41.00 price objective on the stock. Finally, Morgan Stanley began coverage on shares of Patterson Companies in a research report on Thursday, September 21st. They issued an “equal weight” rating and a $42.00 price objective on the stock. Four research 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. Patterson Companies currently has an average rating of “Hold” and a consensus price target of $41.64.
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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