Patterson Companies, Inc. (PDCO) Analysts See $0.54 EPS

(NASDAQ:PDCO) in a research report sent to investors on Friday. Advisory Services Network LLC now owns 2,523 shares of the company's stock worth $118,000 after purchasing an additional 2,041 shares during the last quarter.

Several institutional investors have recently bought and sold shares of PDCO. Parnassus Investments CA increased its position in Patterson Companies by 0.3% in the third quarter. Fisher Asset Management LLC owned 0.13% of Patterson Companies worth $4,843,000 at the end of the most recent quarter.

As of the end of the quarter Guyasuta Investment Advisors Inc had acquired a total of 3,395 shares growing its holdings by 12.5%. Eqis Capital Management Inc. boosted its holdings in Patterson Companies by 9.5% during the third 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 in the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Patterson Companies by 423.4% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP now owns 1,151,446 shares of the company's stock valued at $44,504,000 after buying an additional 74,049 shares in the last quarter.

Among 14 analysts covering Patterson Companies Inc. (NASDAQ PDCO) opened at $33.57 on Tuesday. The firm has a market capitalization of $3,197.00, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. The company maintains price to book ratio of 1.80 industry average at 4.58. The stock increased 0.57% or $0.19 during the last trading session, reaching $33.57.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, August 24th. After $0.13 actual earnings per share reported by New York Times Co for the previous quarter, Wall Street now forecasts 130.77% EPS growth. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. The firm's revenue for the quarter was down 1.4% compared to the same quarter a year ago.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. The short-interest ratio decreased to 13.0 and the percentage of shorted shares is 0.15% as of October 13. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.96 annualized dividend and a yield of 2.34%. Patterson Companies's payout ratio is now 60.47%.

ILLEGAL ACTIVITY NOTICE: "Mutual of America Capital Management LLC Sells 2,940 Shares of Patterson Companies, Inc. (PDCO) Stock Rating Reaffirmed by Robert W. Baird" was first published by BBNS and is the property of of BBNS. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark legislation. Patterson Companies's revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts anticipate that Patterson Companies, Inc. will post 2.29 earnings per share for the current fiscal year.

In other Patterson Companies news, Director John D. Buck purchased 2,500 shares of the firm's stock in a transaction dated Wednesday, December 7th. The total value of its holdings decreased 20.4%. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Morgan Stanley started coverage on Patterson Companies in a research report on Thursday, September 21st. BidaskClub downgraded Patterson Companies from a "hold" rating to a "sell" rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. Patterson Companies, Inc. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.01 and a quick ratio of 1.15. They set a "neutral" rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research raised Patterson Companies from a sell rating to a hold rating in a research report on Wednesday, September 6th. They set a "sector perform" rating and a $42.00 target price for the company. Evercore ISI reissued a "hold" rating and set a $39.00 price target (down from $46.00) on shares of Patterson Companies in a report on Monday, November 28th.

Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets.