William Blair Has Negative Outlook for PDCO FY2025 Earnings

Patterson Companies, Inc. (NASDAQ:PDCO) – Research analysts at William Blair dropped their FY2025 EPS estimates for shares of Patterson Companies in a research report issued on Friday, December 6th. William Blair analyst B. Vazquez now expects that the company will post earnings per share of $2.27 for the year, down from their prior forecast of $2.35. The consensus estimate for Patterson Companies’ current full-year earnings is $2.29 per share. William Blair also issued estimates for Patterson Companies’ FY2027 earnings at $2.56 EPS.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS.

Several other analysts have also recently commented on the company. Piper Sandler lowered their price target on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, December 6th. JPMorgan Chase & Co. lowered their price target on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Robert W. Baird lowered their price target on Patterson Companies from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, December 6th. UBS Group lowered their price target on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Mizuho assumed coverage on Patterson Companies in a report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Patterson Companies has an average rating of “Hold” and a consensus price target of $26.10.

Patterson Companies Trading Up 0.5 %

Patterson Companies stock opened at $23.11 on Monday. The stock has a market cap of $2.04 billion, a PE ratio of 13.51, a P/E/G ratio of 1.69 and a beta of 1.00. The stock has a 50-day moving average price of $21.05 and a 200 day moving average price of $22.77. Patterson Companies has a 52 week low of $19.45 and a 52 week high of $30.68. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

Institutional Trading of Patterson Companies

Several institutional investors have recently modified their holdings of the company. Equity Investment Corp purchased a new stake in Patterson Companies in the 2nd quarter worth about $37,935,000. Private Management Group Inc. increased 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 valued at $34,532,000 after acquiring an additional 1,043,201 shares during the last quarter. LSV Asset Management grew its holdings in Patterson Companies by 58.8% in the 2nd quarter. LSV Asset Management now owns 1,391,344 shares of the company’s stock valued at $33,559,000 after buying an additional 515,299 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Patterson Companies in the 3rd quarter valued at approximately $11,183,000. Finally, American Century Companies Inc. grew its holdings in Patterson Companies by 83.6% in the 2nd quarter. American Century Companies Inc. now owns 902,759 shares of the company’s stock valued at $21,775,000 after buying an additional 411,012 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling

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

Patterson Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Wednesday, October 16th were paid 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 yield of 4.50%. Patterson Companies’s payout ratio is currently 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.