Patterson Cos. (NASDAQ:PDCO) – William Blair cut their Q3 2017 EPS estimates for Patterson Cos. in a research note issued to investors on Wednesday. William Blair analyst J. Kreger now forecasts that the firm will post earnings per share of $0.58 for the quarter, down from their prior forecast of $0.71. William Blair also issued estimates for Patterson Cos.’s Q4 2017 earnings at $0.65 EPS, FY2017 earnings at $2.29 EPS and FY2019 earnings at $2.84 EPS.
Patterson Cos. (NASDAQ:PDCO) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The business earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Patterson Cos. had a return on equity of 17.16% and a net margin of 3.69%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share.
Several other research analysts have also recently weighed in on the company. Off Wall Street reaffirmed a “sell” rating on shares of Patterson Cos. in a research report on Wednesday. Robert W. Baird set a $48.00 price objective on Patterson Cos. and gave the stock a “hold” rating in a research report on Tuesday. Evercore ISI reduced their price objective on Patterson Cos. to $39.00 in a research report on Tuesday. TheStreet raised Patterson Cos. from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Patterson Cos. in a research report on Tuesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Patterson Cos. presently has a consensus rating of “Hold” and an average price target of $46.40.
Patterson Cos. (NASDAQ:PDCO) opened at 39.26 on Thursday. The company has a market capitalization of $3.75 billion, a P/E ratio of 19.36 and a beta of 0.97. The firm has a 50-day moving average price of $45.11 and a 200 day moving average price of $46.67. Patterson Cos. has a 12 month low of $36.46 and a 12 month high of $50.40.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.96 annualized dividend and a yield of 2.45%. Patterson Cos.’s dividend payout ratio is 44.65%.
In other Patterson Cos. news, insider Ann B. Gugino sold 750 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $46.22, for a total value of $34,665.00. Following the sale, the insider now owns 40,153 shares in the company, valued at $1,855,871.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in PDCO. Benjamin F. Edwards & Company Inc. raised its stake in Patterson Cos. by 0.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,358 shares of the company’s stock valued at $113,000 after buying an additional 12 shares in the last quarter. Toronto Dominion Bank raised its stake in Patterson Cos. by 425.2% in the third quarter. Toronto Dominion Bank now owns 2,442 shares of the company’s stock valued at $112,000 after buying an additional 1,977 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Patterson Cos. by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,702 shares of the company’s stock valued at $124,000 after buying an additional 11 shares in the last quarter. TLP Group LLC acquired a new stake in Patterson Cos. during the second quarter valued at about $140,000. Finally, Investment Counselors of Maryland LLC raised its stake in Patterson Cos. by 45.6% in the third quarter. Investment Counselors of Maryland LLC now owns 2,979 shares of the company’s stock valued at $137,000 after buying an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 78.44% of the company’s stock.
Patterson Cos. Company Profile