Wall Street brokerages expect Patterson Companies, Inc. (NASDAQ:PDCO – Get Rating) to report sales of $1.61 billion for the current quarter, Zacks reports. Six analysts have made estimates for Patterson Companies’ earnings, with estimates ranging from $1.59 billion to $1.62 billion. Patterson Companies reported sales of $1.56 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Patterson Companies will report full year sales of $6.47 billion for the current year, with estimates ranging from $6.46 billion to $6.48 billion. For the next year, analysts anticipate that the business will report sales of $6.62 billion, with estimates ranging from $6.57 billion to $6.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Patterson Companies.
Patterson Companies (NASDAQ:PDCO – Get Rating) last announced its earnings results on Wednesday, March 2nd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Patterson Companies had a net margin of 2.62% and a return on equity of 18.99%. Patterson Companies’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 EPS.
In other news, VP Les B. Korsh sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $30.91, for a total transaction of $185,460.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Donald Zurbay sold 10,000 shares of the stock in a transaction that occurred on 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. Over the last quarter, insiders have sold 22,000 shares of company stock valued at $704,020. 1.80% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Patterson Companies by 1.3% during the 4th quarter. BlackRock Inc. now owns 10,663,028 shares of the company’s stock valued at $312,960,000 after buying an additional 133,690 shares during the period. American Century Companies Inc. increased its stake in shares of Patterson Companies by 29.2% during the fourth quarter. American Century Companies Inc. now owns 2,814,636 shares of the company’s stock valued at $82,610,000 after buying an additional 635,782 shares during the period. State Street Corp increased its stake in shares of Patterson Companies by 0.6% during the fourth quarter. State Street Corp now owns 2,729,265 shares of the company’s stock valued at $80,104,000 after buying an additional 15,777 shares during the period. River Road Asset Management LLC increased its stake in shares of Patterson Companies by 103.7% during the third quarter. River Road Asset Management LLC now owns 1,877,559 shares of the company’s stock valued at $56,590,000 after buying an additional 955,993 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Patterson Companies during the fourth quarter valued at about $51,963,000. Institutional investors and hedge funds own 90.82% of the company’s stock.
Shares of NASDAQ:PDCO opened at $30.16 on Tuesday. The firm has a 50 day moving average of $32.04 and a 200-day moving average of $30.78. The stock has a market capitalization of $2.94 billion, a PE ratio of 17.53, a PEG ratio of 1.46 and a beta of 1.42. The company has a current ratio of 1.58, a quick ratio of 0.81 and a debt-to-equity ratio of 0.47. Patterson Companies has a 12 month low of $26.51 and a 12 month high of $37.37.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 6th. Stockholders of record on Friday, April 22nd will be given a $0.26 dividend. The ex-dividend date is Thursday, April 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.45%. Patterson Companies’s dividend payout ratio (DPR) is currently 60.47%.
Patterson Companies Company Profile (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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