What is Zacks Research’s Estimate for PDCO Q1 Earnings?

Patterson Companies, Inc. (NASDAQ:PDCO) – Stock analysts at Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for Patterson Companies in a report issued on Thursday, October 17th. Zacks Research analyst I. Bandyopadhyay now forecasts that the company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.32. The consensus estimate for Patterson Companies’ current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Patterson Companies’ FY2027 earnings at $2.70 EPS.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Patterson Companies from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Bank of America decreased their price target on Patterson Companies from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Robert W. Baird dropped their price objective on Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. UBS Group decreased their target price on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Evercore ISI dropped their price target on shares of Patterson Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 8th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.30.

Patterson Companies Stock Performance

PDCO stock opened at $21.32 on Monday. The company has a market capitalization of $1.88 billion, a P/E ratio of 11.65, a PEG ratio of 1.55 and a beta of 1.02. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $22.01 and a 200 day simple moving average of $23.83. Patterson Companies has a fifty-two week low of $19.89 and a fifty-two week high of $32.58.

Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). Patterson Companies had a return on equity of 19.87% and a net margin of 2.58%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm posted $0.40 EPS. The company’s revenue was down 2.3% compared to the same quarter last year.

Patterson Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Wednesday, October 16th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, October 18th. This represents a $1.04 annualized dividend and a yield of 4.88%. Patterson Companies’s payout ratio is presently 56.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Equity Investment Corp acquired a new stake in shares of Patterson Companies during the second quarter valued at approximately $37,935,000. Private Management Group Inc. raised its stake in Patterson Companies by 268.5% during the 2nd quarter. Private Management Group Inc. now owns 1,431,666 shares of the company’s stock valued at $34,532,000 after purchasing an additional 1,043,201 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Patterson Companies by 7.9% in the first quarter. Vanguard Group Inc. now owns 10,018,184 shares of the company’s stock valued at $277,003,000 after purchasing an additional 730,819 shares in the last quarter. LSV Asset Management boosted its position in Patterson Companies by 58.8% during the 2nd quarter. LSV Asset Management now owns 1,391,344 shares of the company’s stock worth $33,559,000 after acquiring an additional 515,299 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Patterson Companies by 83.6% during the second quarter. American Century Companies Inc. now owns 902,759 shares of the company’s stock worth $21,775,000 after purchasing an additional 411,012 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.