Equities analysts expect Patterson Companies, Inc. (NASDAQ:PDCO – Get Rating) to report earnings per share (EPS) of $0.56 for the current quarter, Zacks reports. Six analysts have made estimates for Patterson Companies’ earnings. The lowest EPS estimate is $0.54 and the highest is $0.58. Patterson Companies reported earnings of $0.38 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 47.4%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Patterson Companies will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.13. For the next fiscal year, analysts forecast that the company will report earnings of $2.25 per share, with EPS estimates ranging from $2.19 to $2.28. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Patterson Companies.
Patterson Companies (NASDAQ:PDCO – Get Rating) last released its quarterly earnings data on Wednesday, March 2nd. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Patterson Companies had a net margin of 2.62% and a return on equity of 18.99%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis.
Shares of PDCO stock traded down $0.70 on Friday, hitting $30.77. The company’s stock had a trading volume of 1,029,867 shares, compared to its average volume of 771,853. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.81 and a current ratio of 1.58. The stock’s 50 day moving average is $32.02 and its 200-day moving average is $30.81. Patterson Companies has a fifty-two week low of $26.51 and a fifty-two week high of $37.37. The company has a market capitalization of $3.00 billion, a PE ratio of 17.89, a PEG ratio of 1.50 and a beta of 1.42.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 6th. Investors of record on Friday, April 22nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, April 21st. This represents a $1.04 annualized dividend and a yield of 3.38%. Patterson Companies’s dividend payout ratio is 60.47%.
In other news, insider Les B. Korsh sold 6,000 shares of the stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $34.96, for a total value of $209,760.00. Following the completion of the transaction, the insider now owns 77,486 shares of the company’s stock, valued at $2,708,910.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Donald Zurbay sold 10,000 shares of the stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $30.88, for a total transaction of $308,800.00. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $704,020 in the last three months. Company insiders own 1.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Patterson Companies by 16.1% in the third quarter. Barclays PLC now owns 80,133 shares of the company’s stock valued at $2,415,000 after buying an additional 11,090 shares during the period. Abundance Wealth Counselors acquired a new stake in Patterson Companies during the 4th quarter valued at approximately $344,000. Teacher Retirement System of Texas increased its position in Patterson Companies by 22.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 13,996 shares of the company’s stock valued at $422,000 after purchasing an additional 2,588 shares during the period. Van ECK Associates Corp increased its position in Patterson Companies by 32.2% during the 4th quarter. Van ECK Associates Corp now owns 78,502 shares of the company’s stock valued at $2,304,000 after purchasing an additional 19,141 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Patterson Companies by 20.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,299 shares of the company’s stock valued at $332,000 after purchasing an additional 1,955 shares during the period. 82.14% of the stock is owned by institutional investors.
About Patterson Companies (Get Rating)
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.
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