Patterson Companies (PDCO) Issues FY 2019 Earnings Guidance

Patterson Companies (NASDAQ:PDCO) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $1.40-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.43. Patterson Companies also updated its FY19 guidance to $1.40-1.50 EPS.

Shares of Patterson Companies stock opened at $22.87 on Friday. Patterson Companies has a one year low of $20.22 and a one year high of $38.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.76. The stock has a market cap of $2.19 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 3.18 and a beta of 1.05.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, December 6th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Patterson Companies had a return on equity of 8.78% and a net margin of 2.80%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts expect that Patterson Companies will post 1.42 earnings per share for the current fiscal year.

PDCO has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on Patterson Companies in a research report on Friday, October 19th. They set a sell rating and a $19.00 target price on the stock. Morgan Stanley cut their target price on Patterson Companies from $21.00 to $19.00 and set an underweight rating on the stock in a research report on Friday, August 31st. Zacks Investment Research lowered Patterson Companies from a buy rating to a sell rating in a research report on Monday, August 27th. Barclays cut their target price on Patterson Companies from $23.00 to $20.00 and set an underweight rating on the stock in a research report on Friday, August 31st. Finally, ValuEngine lowered Patterson Companies from a hold rating to a sell rating in a research report on Tuesday, October 2nd. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Patterson Companies has an average rating of Hold and a consensus price target of $24.58.

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About Patterson Companies

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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Earnings History and Estimates for Patterson Companies (NASDAQ:PDCO)

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