Patterson Companies (NASDAQ:PDCO) Releases Earnings Results, Misses Estimates By $0.19 EPS

Patterson Companies (NASDAQ:PDCO) posted its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.19), Zacks reports. Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%.

Patterson Companies Trading Down 0.0 %

Shares of Patterson Companies stock traded down $0.01 during trading on Wednesday, reaching $31.07. 1,021,179 shares of the stock were exchanged, compared to its average volume of 1,227,805. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.71 and a beta of 0.90. The stock’s fifty day moving average is $30.94 and its 200 day moving average is $25.32. Patterson Companies has a 1 year low of $19.45 and a 1 year high of $31.79.

Insider Transactions at Patterson Companies

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.08, for a total transaction of $45,282.96. Following the completion of the transaction, the chief executive officer now owns 222,736 shares in the company, valued at $5,140,746.88. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PDCO has been the subject of a number of research reports. Morgan Stanley boosted their price target on Patterson Companies from $27.00 to $31.35 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Leerink Partnrs cut Patterson Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Mizuho assumed coverage on shares of Patterson Companies in a research note on Wednesday, December 4th. They set a “neutral” rating and a $23.00 target price on the stock. Leerink Partners restated a “market perform” rating and issued a $31.35 price objective (up from $29.00) on shares of Patterson Companies in a research note on Wednesday, December 11th. Finally, StockNews.com began coverage on Patterson Companies in a research note on Sunday. They set a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.57.

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.