William Blair Has Bearish Estimate for PDCO FY2025 Earnings

Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) - Analysts at William Blair dropped their FY2025 earnings estimates for Patterson Companies in a report issued 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 $2.29 per share. William Blair also issued estimates for Patterson Companies' FY2027 earnings at $2.56 EPS.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.02). Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The business had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the prior year, the company posted $0.50 earnings per share. The firm's quarterly revenue was up 1.0% on a year-over-year basis.

Several other analysts also recently commented on the stock. Mizuho assumed coverage on shares of Patterson Companies in a research report on Wednesday, December 4th. They set a "neutral" rating and a $23.00 price objective on the stock. Robert W. Baird reduced their price target on shares of Patterson Companies from $28.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday. Stifel Nicolaus reduced their price target on shares of Patterson Companies from $25.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday. UBS Group reduced their price target on shares of Patterson Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Finally, Bank of America reduced their price target on shares of Patterson Companies from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Patterson Companies currently has an average rating of "Hold" and a consensus price target of $26.10.

Patterson Companies Stock Performance

PDCO stock traded down $0.02 during midday trading on Monday, reaching $22.90. 610,198 shares of the company's stock traded hands, compared to its average volume of 954,632. The stock has a market cap of $2.02 billion, a P/E ratio of 13.40, a PEG ratio of 1.69 and a beta of 1.00. Patterson Companies has a 52-week low of $19.45 and a 52-week high of $30.68. The stock's 50-day moving average is $21.02 and its 200 day moving average is $22.78. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

Patterson Companies Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Patterson Companies by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,915,315 shares of the company's stock valued at $94,436,000 after purchasing an additional 23,344 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Patterson Companies by 13.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,183,940 shares of the company's stock valued at $47,697,000 after purchasing an additional 258,042 shares during the period. River Road Asset Management LLC boosted its stake in shares of Patterson Companies by 3.6% in the third quarter. River Road Asset Management LLC now owns 1,988,217 shares of the company's stock valued at $43,423,000 after purchasing an additional 68,947 shares during the period. Equity Investment Corp boosted its stake in shares of Patterson Companies by 10.6% in the third quarter. Equity Investment Corp now owns 1,739,669 shares of the company's stock valued at $37,994,000 after purchasing an additional 166,899 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Patterson Companies by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,554,566 shares of the company's stock valued at $33,952,000 after purchasing an additional 81,524 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

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.