Patterson Companies (NASDAQ:PDCO) updated its FY20 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.33-1.43 for the period, compared to the Thomson Reuters consensus estimate of $1.37. Patterson Companies also updated its FY 2020 guidance to $1.33-1.43 EPS.
PDCO traded up $0.04 on Thursday, hitting $16.36. The company’s stock had a trading volume of 86,459 shares, compared to its average volume of 1,184,634. The company’s 50 day simple moving average is $18.86 and its 200-day simple moving average is $21.42. The firm has a market cap of $1.61 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.29. Patterson Companies has a 12 month low of $16.10 and a 12 month high of $26.60. The company has a quick ratio of 0.96, a current ratio of 1.83 and a debt-to-equity ratio of 0.49.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Patterson Companies had a net margin of 1.50% and a return on equity of 8.94%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $0.26 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts predict that Patterson Companies will post 1.38 earnings per share for the current fiscal year.
PDCO has been the topic of several research reports. ValuEngine cut shares of Patterson Companies from a hold rating to a sell rating in a research report on Friday, July 19th. BidaskClub lowered shares of Patterson Companies from a hold rating to a sell rating in a report on Tuesday, August 6th. Wolfe Research initiated coverage on shares of Patterson Companies in a report on Thursday, May 30th. They issued an underperform rating on the stock. UBS Group set a $24.00 price target on shares of Patterson Companies and gave the stock a hold rating in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Patterson Companies from $22.00 to $20.00 and set an underweight rating on the stock in a report on Friday, June 28th. Seven investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has a consensus rating of Sell and an average target price of $21.14.
Patterson Companies Company Profile
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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