Patterson Companies (PDCO) Releases Earnings Results, Beats Expectations By $0.01 EPS

Patterson Companies (PDCO) reported quarterly earnings results on Thursday, Aug-25-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.50. The company posted revenue of $1322.40 million in the period, compared to analysts expectations of $1332.60 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Patterson Companies. BofA/Merrill Resumed Patterson Companies on Aug 24, 2016 to “Underperform”, Price Target of the shares are set at $44.

Patterson Companies closed down -0.17 points or -0.36% at $46.75 with 14,30,572 shares getting traded on Tuesday. Post opening the session at $47.15, the shares hit an intraday low of $46.75 and an intraday high of $47.586 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 1, 2016, Ann B Gugino (Vice President & CFO) sold 750 shares at $48.86 per share price. According to the SEC, on Sep 25, 2015, James W Wiltz (director) sold 5,000 shares at $45.14 per share price. On Sep 25, 2015, Jerome E Thygesen (Vice President) sold 3,760 shares at $45.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s dental supply segment provides consumable products (including x-ray film restorative materials hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems and office forms and stationery. The Company’s veterinary supply segment distributes veterinary supplies to companion-pet (dogs cats and other common household pets) equine and large animal veterinarians and veterinary clinics public and private institutions and shelters across the United States and in the United Kingdom. The rehabilitation supply segment distributes rehabilitation medical supplies and equipment.

Patterson Companies

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