Leerink Partnrs Analysts Lower Earnings Estimates for PDCO

Patterson Companies, Inc. (NASDAQ:PDCO) – Analysts at Leerink Partnrs cut their Q3 2025 earnings per share (EPS) estimates for Patterson Companies in a research note issued on Thursday, December 5th. Leerink Partnrs analyst M. Cherny now forecasts that the company will earn $0.62 per share for the quarter, down from their previous forecast of $0.69. The consensus estimate for Patterson Companies’ current full-year earnings is $2.32 per share. Leerink Partnrs also issued estimates for Patterson Companies’ Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $2.27 EPS, FY2026 earnings at $2.48 EPS, FY2027 earnings at $2.76 EPS and FY2028 earnings at $3.04 EPS.

Patterson Companies (NASDAQ:PDCO) last released its earnings results on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Patterson Companies had a net margin of 2.58% and a return on equity of 19.87%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis.

Several other research firms also recently weighed in on PDCO. JPMorgan Chase & Co. reduced their target price on shares of Patterson Companies from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. UBS Group reduced their price objective on shares of Patterson Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Mizuho initiated coverage on Patterson Companies in a research report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 target price on the stock. Stifel Nicolaus cut their price target on Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a report on Thursday. Finally, Evercore ISI decreased their price objective 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.10.

Patterson Companies Price Performance

Shares of NASDAQ PDCO opened at $22.92 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $21.02 and a two-hundred day simple moving average of $22.78. Patterson Companies has a 1-year low of $19.45 and a 1-year high of $30.68. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PDCO. Equity Investment Corp purchased a new position in Patterson Companies in the 2nd quarter worth approximately $37,935,000. Private Management Group Inc. lifted its holdings in shares of Patterson Companies by 268.5% during the 2nd quarter. Private Management Group Inc. now owns 1,431,666 shares of the company’s stock worth $34,532,000 after acquiring an additional 1,043,201 shares during the last quarter. LSV Asset Management grew its position in Patterson Companies by 58.8% in the second quarter. LSV Asset Management now owns 1,391,344 shares of the company’s stock worth $33,559,000 after acquiring an additional 515,299 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Patterson Companies in the third quarter valued at $11,183,000. Finally, American Century Companies Inc. raised its position in Patterson Companies by 83.6% during the second quarter. American Century Companies Inc. now owns 902,759 shares of the company’s stock valued at $21,775,000 after purchasing an additional 411,012 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Patterson Companies Announces Dividend

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

Patterson Companies Company Profile

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.