Patterson Companies, Inc. (NASDAQ:PDCO) – Research analysts at Jefferies Group reduced their FY2019 earnings per share estimates for shares of Patterson Companies in a report issued on Wednesday. Jefferies Group analyst B. Couillard now forecasts that the company will earn $2.30 per share for the year, down from their prior forecast of $2.50. Jefferies Group currently has a “Hold” rating and a $37.00 target price on the stock.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada began coverage on Patterson Companies in a research report on Tuesday, September 19th. They set a “sector perform” rating and a $42.00 price objective on the stock. Stifel Nicolaus lowered their price objective on Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Tuesday, August 15th. BidaskClub cut Patterson Companies from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Cleveland Research reiterated a “hold” rating on shares of Patterson Companies in a research report on Tuesday, August 22nd. Finally, Robert W. Baird reiterated a “buy” rating and set a $44.00 price objective on shares of Patterson Companies in a research report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Patterson Companies presently has an average rating of “Hold” and an average price target of $41.20.

Patterson Companies (NASDAQ PDCO) traded up $0.62 during mid-day trading on Monday, reaching $36.95. The company’s stock had a trading volume of 3,482,000 shares, compared to its average volume of 1,260,148. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. The company has a market cap of $3,450.00, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. Patterson Companies has a 1 year low of $32.07 and a 1 year high of $48.29.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS.

In related news, CFO Ann B. Gugino sold 750 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John D. Buck purchased 2,834 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average price of $34.93 per share, for a total transaction of $98,991.62. Following the transaction, the director now directly owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of PDCO. Summit Global Investments boosted its stake in Patterson Companies by 6.4% in the second quarter. Summit Global Investments now owns 101,980 shares of the company’s stock valued at $4,788,000 after buying an additional 6,143 shares in the last quarter. FMR LLC boosted its stake in Patterson Companies by 5.7% in the second quarter. FMR LLC now owns 1,400,718 shares of the company’s stock valued at $65,763,000 after buying an additional 75,354 shares in the last quarter. Clinton Group Inc. acquired a new stake in Patterson Companies in the second quarter valued at about $554,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Patterson Companies by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 235,194 shares of the company’s stock valued at $11,042,000 after buying an additional 4,290 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Patterson Companies in the second quarter valued at about $287,000. Institutional investors own 93.30% of the company’s stock.

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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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