What is Zacks Research's Forecast for PDCO Q3 Earnings?

Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) - Zacks Research lowered their Q3 2026 earnings per share estimates for Patterson Companies in a research note issued on Monday, April 14th. Zacks Research analyst I. Bandyopadhyay now expects that the company will earn $0.58 per share for the quarter, down from their previous estimate of $0.61. The consensus estimate for Patterson Companies' current full-year earnings is $2.25 per share. Zacks Research also issued estimates for Patterson Companies' FY2026 earnings at $2.31 EPS, Q3 2027 earnings at $0.59 EPS and FY2027 earnings at $2.43 EPS.

Separately, StockNews.com assumed coverage on Patterson Companies in a research note on Saturday, April 12th. They issued a "hold" rating for the company. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.57.

Patterson Companies Stock Performance

Shares of NASDAQ:PDCO remained flat at $31.33 during midday trading on Tuesday. Patterson Companies has a 1 year low of $19.45 and a 1 year high of $31.79. 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 company has a 50 day simple moving average of $31.14 and a two-hundred day simple moving average of $27.54. The firm has a market cap of $2.77 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73.

Hedge Funds Weigh In On Patterson Companies

A number of large investors have recently modified their holdings of PDCO. Curat Global LLC purchased a new stake in shares of Patterson Companies during the 1st quarter worth $25,000. Harbour Investments Inc. acquired a new stake in shares of Patterson Companies in the 4th quarter worth approximately $26,000. Huntington National Bank increased its stake in Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company's stock valued at $34,000 after purchasing an additional 391 shares in the last quarter. GAMMA Investing LLC boosted its position in Patterson Companies by 103.0% during the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock worth $41,000 after purchasing an additional 680 shares in the last quarter. Finally, Anchor Investment Management LLC raised its stake in shares of Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock worth $51,000 after buying an additional 400 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

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.