Patterson Companies, Inc. (PDCO) Set to Announce Quarterly Earnings on Monday
Patterson Companies, Inc. (NASDAQ:PDCO) will announce its earnings results before the market opens on Monday, November 20th. Analysts expect the company to announce 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 for the quarter, hitting the Zacks’ consensus estimate 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%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company 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.
Patterson Companies, Inc. (NASDAQ:PDCO) opened at $36.04 on Friday. The firm has a market capitalization of $3,211.37, a P/E ratio of 14.77, a PEG ratio of 1.72 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 2.01. Patterson Companies, Inc. has a 52 week low of $32.17 and a 52 week high of $49.26.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.89%. Patterson Companies’s dividend payout ratio (DPR) is currently 60.47%.
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A number of equities analysts have recently weighed in on PDCO shares. Zacks Investment Research upgraded Patterson Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. UBS AG upgraded Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a research note on Friday, August 25th. Piper Jaffray Companies initiated coverage on Patterson Companies in a research note 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 price target 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 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Patterson Companies has a consensus rating of “Hold” and an average price target of $41.64.
In other Patterson Companies 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 filing with the SEC, which is available at this link. Company insiders own 0.46% of the company’s stock.
Patterson Companies Company Profile
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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