Patterson Companies, Inc. (NASDAQ:PDCO) – Equities research analysts at Jefferies Financial Group lowered their Q1 2021 earnings per share estimates for Patterson Companies in a report released on Thursday, June 25th. Jefferies Financial Group analyst B. Couillard now anticipates that the company will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.29. Jefferies Financial Group also issued estimates for Patterson Companies’ Q1 2022 earnings at $0.32 EPS, Q2 2022 earnings at $0.38 EPS, Q3 2022 earnings at $0.41 EPS, Q4 2022 earnings at $0.40 EPS and FY2022 earnings at $1.52 EPS.
Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Wednesday, June 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.26. Patterson Companies had a negative net margin of 10.72% and a positive return on equity of 9.99%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year.
Several other brokerages also recently issued reports on PDCO. Credit Suisse Group reaffirmed a “buy” rating on shares of Patterson Companies in a report on Monday. Barclays reaffirmed a “sell” rating and issued a $16.00 price target on shares of Patterson Companies in a report on Friday, March 20th. BidaskClub raised shares of Patterson Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday. ValuEngine raised shares of Patterson Companies from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Patterson Companies from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.11.
Shares of NASDAQ PDCO opened at $22.00 on Monday. Patterson Companies has a 12-month low of $12.93 and a 12-month high of $25.70. The company has a market capitalization of $2.19 billion, a PE ratio of -3.53, a price-to-earnings-growth ratio of 2.50 and a beta of 1.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.41 and a quick ratio of 0.69. The firm’s 50-day moving average is $18.87 and its two-hundred day moving average is $19.67.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, July 16th. Patterson Companies’s dividend payout ratio (DPR) is 67.10%.
A number of hedge funds have recently modified their holdings of PDCO. Cubist Systematic Strategies LLC increased its position in shares of Patterson Companies by 0.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 125,525 shares of the company’s stock worth $2,571,000 after acquiring an additional 627 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Patterson Companies by 3.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 19,700 shares of the company’s stock valued at $301,000 after acquiring an additional 630 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Patterson Companies by 1.6% during the 4th quarter. Mason Street Advisors LLC now owns 45,821 shares of the company’s stock valued at $938,000 after acquiring an additional 723 shares during the last quarter. O Shares Investment Advisers LLC boosted its stake in Patterson Companies by 2.0% during the 4th quarter. O Shares Investment Advisers LLC now owns 48,226 shares of the company’s stock valued at $988,000 after acquiring an additional 959 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Patterson Companies by 8.4% during the 1st quarter. Federated Hermes Inc. now owns 13,300 shares of the company’s stock valued at $203,000 after acquiring an additional 1,027 shares during the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.
Patterson Companies Company Profile
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.
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