Research Analysts Offer Predictions for Patterson Companies, Inc.’s Q1 2019 Earnings (PDCO)

Patterson Companies, Inc. (NASDAQ:PDCO) – Equities researchers at William Blair raised their Q1 2019 earnings per share estimates for Patterson Companies in a report issued on Thursday. William Blair analyst J. Kreger now anticipates that the company will post earnings of $0.56 per share for the quarter, up from their prior estimate of $0.51. William Blair also issued estimates for Patterson Companies’ Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.67 EPS and Q4 2019 earnings at $0.69 EPS.

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

A number of other brokerages have also weighed in on PDCO. BidaskClub lowered Patterson Companies from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Royal Bank of Canada began coverage on Patterson Companies in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $42.00 price objective for the company. Evercore ISI began coverage on Patterson Companies in a research note on Thursday, January 4th. They set an “in-line” rating and a $38.50 price objective for the company. Robert W. Baird restated a “buy” rating and set a $40.00 price objective on shares of Patterson Companies in a research note on Wednesday, November 22nd. Finally, Piper Jaffray Companies began coverage on Patterson Companies in a research note on Thursday, October 19th. They set a “neutral” rating and a $41.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Patterson Companies presently has a consensus rating of “Hold” and a consensus target price of $40.23.

Patterson Companies (NASDAQ PDCO) traded up $0.84 during mid-day trading on Monday, hitting $37.51. The stock had a trading volume of 1,550,900 shares, compared to its average volume of 1,490,344. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73. Patterson Companies has a fifty-two week low of $32.07 and a fifty-two week high of $48.29. The firm has a market capitalization of $3,590.00, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.11 and a beta of 0.95.

A number of large investors have recently added to or reduced their stakes in PDCO. Amica Retiree Medical Trust lifted its holdings in Patterson Companies by 433.8% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock worth $116,000 after buying an additional 2,429 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Patterson Companies by 423.4% in the 2nd quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock worth $118,000 after purchasing an additional 2,041 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Patterson Companies by 15.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock worth $140,000 after purchasing an additional 415 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Patterson Companies by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock worth $168,000 after purchasing an additional 150 shares during the last quarter. Finally, Sciencast Management LP bought a new stake in shares of Patterson Companies in the 2nd quarter worth approximately $205,000. 94.12% of the stock is currently owned by institutional investors.

In other news, Director John D. Buck bought 2,834 shares of Patterson Companies stock in a transaction on Friday, November 24th. The shares were bought at an average price of $34.93 per share, with a total value of $98,991.62. Following the acquisition, the director now directly owns 54,627 shares in the company, valued at approximately $1,908,121.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann B. Gugino sold 750 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $36.38, for a total value of $27,285.00. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, January 11th. Patterson Companies’s dividend payout ratio is presently 61.18%.

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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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