Patterson Companies, Inc. (NASDAQ:PDCO) – Research analysts at Piper Jaffray Companies reduced their Q1 2020 earnings per share (EPS) estimates for shares of Patterson Companies in a report released on Monday, August 12th. Piper Jaffray Companies analyst S. James now forecasts that the company will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.29. Piper Jaffray Companies also issued estimates for Patterson Companies’ FY2020 earnings at $1.35 EPS, Q1 2021 earnings at $0.27 EPS, Q2 2021 earnings at $0.36 EPS, Q3 2021 earnings at $0.39 EPS, Q4 2021 earnings at $0.41 EPS and FY2021 earnings at $1.43 EPS.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, June 27th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Patterson Companies had a return on equity of 8.94% and a net margin of 1.50%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS.
Shares of NASDAQ:PDCO opened at $16.65 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.83 and a debt-to-equity ratio of 0.49. Patterson Companies has a fifty-two week low of $16.40 and a fifty-two week high of $26.60. The firm has a 50-day simple moving average of $20.36 and a 200 day simple moving average of $21.77. The company has a market cap of $1.59 billion, a PE ratio of 11.89, a P/E/G ratio of 1.93 and a beta of 1.29.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.04 annualized dividend and a dividend yield of 6.25%. Patterson Companies’s dividend payout ratio (DPR) is 74.29%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC grew its stake in Patterson Companies by 15,261.5% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,997 shares of the company’s stock valued at $44,000 after buying an additional 1,984 shares during the last quarter. Financial Gravity Wealth Inc. bought a new stake in Patterson Companies in the 1st quarter valued at $49,000. Royce & Associates LP boosted its holdings in Patterson Companies by 34.4% in the 1st quarter. Royce & Associates LP now owns 2,553 shares of the company’s stock valued at $56,000 after purchasing an additional 653 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Patterson Companies in the 1st quarter valued at $70,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Patterson Companies by 51,183.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,077 shares of the company’s stock valued at $70,000 after purchasing an additional 3,071 shares during the period. Institutional investors own 93.23% of the company’s stock.
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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