$0.31 EPS Expected for Patterson Companies, Inc. (PDCO)

June 16, 2018 - By Michael Pereira

Patterson Companies, Inc. (NASDAQ:PDCO) LogoInvestors sentiment increased to 1.26 in Q1 2018. Its up 0.26, from 1 in 2017Q4. It improved, as 68 investors sold Patterson Companies, Inc. shares while 74 reduced holdings. 48 funds opened positions while 131 raised stakes. 82.52 million shares or 5.42% less from 87.24 million shares in 2017Q4 were reported.
Renaissance Technology Ltd Liability Corporation accumulated 338,104 shares. Moreover, Parallax Volatility Advisers Ltd Partnership has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 1,818 shares. Northwestern Mutual Wealth Mngmt owns 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 5,505 shares. Gabelli Funds Ltd Llc invested 0.07% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Guggenheim Ltd Liability Com holds 0.01% or 163,809 shares in its portfolio. Georgia-based Atlantic Tru Group Inc Ltd Com has invested 0% in Patterson Companies, Inc. (NASDAQ:PDCO). Moreover, Amica Mutual has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 4,238 shares. Tokio Marine Asset Management stated it has 0.04% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Moreover, Ftb Inc has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 542 shares. Bridgewater Associate Ltd Partnership has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO). D E Shaw holds 0.01% or 189,586 shares. Argi Invest Limited Company stated it has 22,668 shares or 0.03% of all its holdings. Suntrust Banks has 0.02% invested in Patterson Companies, Inc. (NASDAQ:PDCO). Long Road Counsel Limited Liability Com reported 28,600 shares or 0.44% of all its holdings. 970,342 are owned by Millennium Mngmt Lc.

Since January 11, 2018, it had 0 buys, and 1 insider sale for $27,285 activity.

Analysts expect Patterson Companies, Inc. (NASDAQ:PDCO) to report $0.31 EPS on June, 21 before the open.They anticipate $0.38 EPS change or 55.07 % from last quarter’s $0.69 EPS. PDCO’s profit would be $28.66M giving it 18.05 P/E if the $0.31 EPS is correct. After having $0.43 EPS previously, Patterson Companies, Inc.’s analysts see -27.91 % EPS growth. The stock increased 0.22% or $0.05 during the last trading session, reaching $22.38. About 1.55 million shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 51.53% since June 16, 2017 and is downtrending. It has underperformed by 64.10% the S&P500.

Patterson Companies, Inc. (NASDAQ:PDCO) Ratings Coverage

Among 12 analysts covering Patterson Companies Inc (NASDAQ:PDCO), 2 have Buy rating, 6 Sell and 4 Hold. Therefore 17% are positive. Patterson Companies Inc has $43.0 highest and $20 lowest target. $27.82’s average target is 24.31% above currents $22.38 stock price. Patterson Companies Inc had 17 analyst reports since January 2, 2018 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, March 6 with “Hold”. The rating was maintained by JP Morgan with “Underweight” on Thursday, June 7. Northcoast maintained it with “Buy” rating and $38.0 target in Thursday, March 1 report. The stock has “Buy” rating by Craig Hallum on Friday, April 6. As per Thursday, February 15, the company rating was downgraded by J.P. Morgan. As per Thursday, March 1, the company rating was maintained by Stifel Nicolaus. Bank of America maintained the shares of PDCO in report on Tuesday, May 29 with “Underperform” rating. The firm earned “Underweight” rating on Friday, March 2 by Morgan Stanley. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Sell” rating given on Thursday, March 1 by Evercore. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, April 3 report.

Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company has market cap of $2.07 billion. It operates through Dental and Animal Health divisions. It has a 8.65 P/E ratio. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

More news for Patterson Companies, Inc. (NASDAQ:PDCO) were recently published by: Businesswire.com, which released: “Patterson Companies Declares Regular Quarterly Cash Dividend” on June 12, 2018. Streetinsider.com‘s article titled: “Patterson Cos. (PDCO) Announces Election of Francis J. Malecha to Board” and published on June 13, 2018 is yet another important article.

Patterson Companies, Inc. (NASDAQ:PDCO) Institutional Positions Chart

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