William Blair Comments on Patterson Companies, Inc.’s Q1 2025 Earnings (NASDAQ:PDCO)

Patterson Companies, Inc. (NASDAQ:PDCO) – Equities research analysts at William Blair decreased their Q1 2025 earnings estimates for Patterson Companies in a research note issued on Tuesday, June 18th. William Blair analyst B. Vazquez now forecasts that the company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.40. The consensus estimate for Patterson Companies’ current full-year earnings is $2.41 per share. William Blair also issued estimates for Patterson Companies’ FY2025 earnings at $2.37 EPS and FY2026 earnings at $2.51 EPS.

Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Tuesday, June 18th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Patterson Companies had a return on equity of 20.80% and a net margin of 2.83%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business earned $0.84 EPS. Patterson Companies’s revenue for the quarter was down .1% compared to the same quarter last year.

A number of other research firms have also weighed in on PDCO. SVB Leerink initiated coverage on Patterson Companies in a research note on Monday, February 26th. They set an “outperform” rating and a $36.00 price objective for the company. Bank of America dropped their price target on shares of Patterson Companies from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Morgan Stanley decreased their price objective on shares of Patterson Companies from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday. Evercore ISI dropped their target price on shares of Patterson Companies from $28.00 to $27.00 and set an “in-line” rating for the company in a report on Friday, April 26th. Finally, StockNews.com downgraded Patterson Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.78.

Patterson Companies Trading Up 0.7 %

Shares of PDCO stock opened at $24.31 on Friday. The business has a 50-day moving average of $24.88 and a 200 day moving average of $26.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.72. Patterson Companies has a 1-year low of $22.29 and a 1-year high of $34.53. The stock has a market capitalization of $2.18 billion, a PE ratio of 12.16, a P/E/G ratio of 2.10 and a beta of 1.07.

Patterson Companies Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDCO. Charles Schwab Investment Management Inc. boosted its stake in Patterson Companies by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 780,633 shares of the company’s stock valued at $23,138,000 after purchasing an additional 5,187 shares during the last quarter. UBS Group AG increased its holdings in Patterson Companies by 69.8% in the 3rd quarter. UBS Group AG now owns 184,890 shares of the company’s stock worth $5,480,000 after buying an additional 75,984 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Patterson Companies in the 3rd quarter worth about $319,000. FMR LLC lifted its stake in Patterson Companies by 42.5% during the 3rd quarter. FMR LLC now owns 173,300 shares of the company’s stock valued at $5,137,000 after acquiring an additional 51,697 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in shares of Patterson Companies in the 3rd quarter worth $206,000. Institutional investors own 85.43% of the company’s stock.

Patterson Companies Company Profile

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.