Q4 2018 Earnings Estimate for Patterson Companies, Inc. (NASDAQ:PDCO) Issued By Northcoast Research

Patterson Companies, Inc. (NASDAQ:PDCO) – Equities research analysts at Northcoast Research upped their Q4 2018 EPS estimates for Patterson Companies in a research note issued on Tuesday. Northcoast Research analyst E. Snyder now anticipates that the company will earn $0.73 per share for the quarter, up from their prior forecast of $0.72. Northcoast Research also issued estimates for Patterson Companies’ Q3 2019 earnings at $0.69 EPS and Q4 2019 earnings at $0.80 EPS.

Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Thursday, May 25th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. Patterson Companies had a return on equity of 15.94% and a net margin of 3.06%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $0.77 EPS. The business’s revenue was down .6% compared to the same quarter last year.

COPYRIGHT VIOLATION WARNING: “Q4 2018 Earnings Estimate for Patterson Companies, Inc. (NASDAQ:PDCO) Issued By Northcoast Research” was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.thestockobserver.com/2017/08/12/q4-2018-earnings-estimate-for-patterson-companies-inc-nasdaqpdco-issued-by-northcoast-research.html.

PDCO has been the topic of a number of other reports. Stifel Nicolaus lowered Patterson Companies from a “hold” rating to a “sell” rating and cut their price target for the company from $47.43 to $39.00 in a report on Thursday, July 6th. Zacks Investment Research lowered Patterson Companies from a “buy” rating to a “hold” rating in a report on Monday, May 15th. BidaskClub lowered Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. UBS AG lowered Patterson Companies from a “neutral” rating to a “sell” rating and cut their price target for the company from $44.50 to $40.00 in a report on Tuesday, July 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $40.00 target price on shares of Patterson Companies in a research report on Monday, May 15th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $43.78.

Shares of Patterson Companies (NASDAQ:PDCO) traded up 1.36% on Thursday, reaching $37.98. The company’s stock had a trading volume of 952,350 shares. The company’s 50 day moving average is $43.07 and its 200-day moving average is $44.07. Patterson Companies has a 1-year low of $36.46 and a 1-year high of $49.26. The stock has a market cap of $3.56 billion, a PE ratio of 21.22 and a beta of 0.95.

Several institutional investors have recently bought and sold shares of PDCO. Teachers Advisors LLC increased its position in Patterson Companies by 11.7% in the fourth quarter. Teachers Advisors LLC now owns 106,670 shares of the company’s stock valued at $4,377,000 after buying an additional 11,214 shares during the last quarter. Kentucky Retirement Systems purchased a new position in Patterson Companies during the fourth quarter valued at approximately $248,000. Macquarie Group Ltd. increased its position in Patterson Companies by 16.7% in the fourth quarter. Macquarie Group Ltd. now owns 103,674 shares of the company’s stock valued at $4,253,000 after buying an additional 14,800 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Patterson Companies by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 72,136 shares of the company’s stock valued at $3,263,000 after buying an additional 1,257 shares during the last quarter. Finally, Creative Planning increased its position in Patterson Companies by 3.6% in the first quarter. Creative Planning now owns 16,015 shares of the company’s stock valued at $724,000 after buying an additional 551 shares during the last quarter. 89.63% of the stock is currently owned by institutional investors.

In other news, insider Ann B. Gugino sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $43.83, for a total value of $32,872.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Scott P. Anderson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total value of $467,600.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,500 shares of company stock worth $532,273. Company insiders own 0.46% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Wednesday, July 12th. Patterson Companies’s dividend payout ratio (DPR) is presently 58.10%.

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)

Receive News & Ratings for Patterson Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply