Patterson Cos. (NASDAQ:PDCO) – Research analysts at William Blair reduced their FY2018 EPS estimates for shares of Patterson Cos. in a research note issued to investors on Wednesday. William Blair analyst J. Kreger now anticipates that the brokerage will earn $2.54 per share for the year, down from their previous estimate of $2.90.

A number of other equities analysts have also commented on PDCO. Evercore ISI restated a “hold” rating and issued a $39.00 price objective (down from $46.00) on shares of Patterson Cos. in a research report on Monday. TheStreet lowered shares of Patterson Cos. from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Jefferies Group cut their price objective on shares of Patterson Cos. from $50.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday. Zacks Investment Research upgraded shares of Patterson Cos. from a “sell” rating to a “hold” rating in a research report on Thursday, October 13th. Finally, Northcoast Research restated a “buy” rating on shares of Patterson Cos. in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Patterson Cos. has a consensus rating of “Hold” and an average price target of $45.33.

Earnings History and Estimates for Patterson Cos. (NASDAQ:PDCO)

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Shares of Patterson Cos. (NASDAQ:PDCO) traded up 0.46% during trading on Monday, reaching $39.05. 1,472,801 shares of the company’s stock traded hands. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 18.13 and a beta of 0.97. The company’s 50-day moving average is $44.75 and its 200 day moving average is $46.63. Patterson Cos. has a 52-week low of $36.46 and a 52-week high of $50.40.

Patterson Cos. (NASDAQ:PDCO) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.04. Patterson Cos. had a net margin of 3.69% and a return on equity of 17.17%. The business earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company posted $0.56 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently bought and sold shares of PDCO. Vanguard Group Inc. increased its position in Patterson Cos. by 1.6% in the second quarter. Vanguard Group Inc. now owns 7,763,526 shares of the company’s stock valued at $371,795,000 after buying an additional 122,202 shares during the period. Parnassus Investments CA increased its position in Patterson Cos. by 0.3% in the third quarter. Parnassus Investments CA now owns 7,077,566 shares of the company’s stock valued at $325,143,000 after buying an additional 21,592 shares during the period. Wells Fargo & Company MN increased its position in Patterson Cos. by 30.5% in the third quarter. Wells Fargo & Company MN now owns 3,492,088 shares of the company’s stock valued at $160,426,000 after buying an additional 816,091 shares during the period. BlackRock Fund Advisors increased its position in Patterson Cos. by 2.3% in the third quarter. BlackRock Fund Advisors now owns 2,890,149 shares of the company’s stock valued at $132,773,000 after buying an additional 65,947 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in Patterson Cos. by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,615,682 shares of the company’s stock valued at $120,164,000 after buying an additional 47,498 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

About Patterson Cos.

Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.

5 Day Chart for NASDAQ:PDCO

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