Leerink Partnrs Equities Analysts Reduce Earnings Estimates for Patterson Companies, Inc. (NASDAQ:PDCO)

Patterson Companies, Inc. (NASDAQ:PDCOFree Report) – Equities research analysts at Leerink Partnrs lowered their Q1 2025 earnings per share estimates for Patterson Companies in a research note issued to investors on Tuesday, June 18th. Leerink Partnrs analyst M. Cherny now anticipates that the company will earn $0.32 per share for the quarter, down from their prior forecast of $0.43. Leerink Partnrs currently has a “Outperform” rating on the stock. The consensus estimate for Patterson Companies’ current full-year earnings is $2.37 per share. Leerink Partnrs also issued estimates for Patterson Companies’ Q2 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $2.39 EPS, FY2026 earnings at $2.63 EPS, FY2027 earnings at $2.97 EPS and FY2028 earnings at $3.30 EPS.

PDCO has been the subject of several other reports. JPMorgan Chase & Co. cut their price objective on Patterson Companies from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday. Evercore ISI cut their price objective on Patterson Companies from $28.00 to $27.00 and set an “in-line” rating for the company in a report on Friday, April 26th. Piper Sandler lowered Patterson Companies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $34.00 to $28.00 in a report on Thursday, February 29th. Morgan Stanley cut their target price on Patterson Companies from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Bank of America cut their target price on Patterson Companies from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.25.

View Our Latest Research Report on PDCO

Patterson Companies Price Performance

Shares of NASDAQ:PDCO opened at $24.31 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.72 and a debt-to-equity ratio of 0.33. Patterson Companies has a 1 year low of $22.29 and a 1 year high of $34.53. The business has a fifty day simple moving average of $24.88 and a 200 day simple moving average of $26.94. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 2.03 and a beta of 1.07.

Patterson Companies (NASDAQ:PDCOGet Free Report) last announced its quarterly earnings data on Tuesday, June 18th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01). Patterson Companies had a return on equity of 20.80% and a net margin of 2.83%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. Patterson Companies’s revenue was down .1% on a year-over-year basis.

Institutional Investors Weigh In On Patterson Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new stake in shares of Patterson Companies in the fourth quarter valued at about $32,000. Spire Wealth Management acquired a new stake in Patterson Companies during the first quarter worth about $35,000. Anchor Investment Management LLC acquired a new stake in Patterson Companies during the fourth quarter worth about $55,000. Signaturefd LLC grew its position in Patterson Companies by 93.5% during the fourth quarter. Signaturefd LLC now owns 2,107 shares of the company’s stock worth $60,000 after buying an additional 1,018 shares in the last quarter. Finally, Verity & Verity LLC acquired a new stake in Patterson Companies during the first quarter worth about $69,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Patterson Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, July 19th. Patterson Companies’s dividend payout ratio is currently 52.00%.

Patterson Companies Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Patterson Companies (NASDAQ:PDCO)

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