FY2025 EPS Estimate for Patterson Companies Cut by Analyst

Patterson Companies, Inc. (NASDAQ:PDCO) – Investment analysts at William Blair reduced their FY2025 earnings per share (EPS) estimates for shares of Patterson Companies in a note issued to investors on Friday, December 6th. William Blair analyst B. Vazquez now expects that the company will earn $2.27 per share for the year, down from their prior forecast of $2.35. The consensus estimate for Patterson Companies’ current full-year earnings is $2.32 per share. William Blair also issued estimates for Patterson Companies’ FY2027 earnings at $2.56 EPS.

PDCO has been the subject of several other research reports. Robert W. Baird cut their price objective on Patterson Companies from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Friday. Piper Sandler dropped their price target on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday. Mizuho initiated coverage on Patterson Companies in a research note on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Finally, Evercore ISI dropped their price target on Patterson Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 8th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.10.

Patterson Companies Price Performance

NASDAQ PDCO opened at $22.92 on Monday. Patterson Companies has a 12 month low of $19.45 and a 12 month high of $30.68. The firm has a market capitalization of $2.02 billion, a PE ratio of 13.40, a P/E/G ratio of 1.60 and a beta of 1.00. The company’s 50 day simple moving average is $21.02 and its 200 day simple moving average is $22.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.67.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). Patterson Companies had a return on equity of 19.87% and a net margin of 2.58%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. LRI Investments LLC grew its stake in shares of Patterson Companies by 201.2% in the 2nd quarter. LRI Investments LLC now owns 1,262 shares of the company’s stock valued at $30,000 after buying an additional 843 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Patterson Companies during the 2nd quarter valued at $41,000. Family Firm Inc. bought a new stake in Patterson Companies in the second quarter worth $45,000. Meeder Asset Management Inc. acquired a new position in Patterson Companies during the second quarter worth $45,000. Finally, International Assets Investment Management LLC raised its holdings in Patterson Companies by 2,084.0% during the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock valued at $48,000 after buying an additional 2,084 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Patterson Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Wednesday, October 16th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Friday, October 18th. Patterson Companies’s dividend payout ratio (DPR) is presently 60.82%.

About Patterson Companies

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company 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.