Auriga Reiterates a 'Buy' on Patterson Companies (PDCO); Revenue Growth from All Segments
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Price: $25.91 --0%
Rating Summary:
7 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 11
Rating Summary:
7 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 11
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Auriga reiterates a 'Buy' on Patterson Companies (NASDAQ: PDCO) price target of $38.00.
Analyst, Glen Losev, said, "The quarter was highlighted by an EPS beat on better than expected revenue in all segments. Guidance issued for F2013 was in line with consensus, and as expected given management's conservative nature and overall broad market uncertainly...The Dental segment (64% of revenue) increased 4.5% to $599M, better than our and consensus estimates and was driven by double digit revenue increase from CEREC dental systems. The adjusted EBTDA margin was 12.8%, better than our expectation of 12%. From the year ago quarter, adjusted EBITDA margin declined 20 bps due to a 90 bps increase in the cost of goods sold which was offset by lower SG&A expense in the quarter."
For an analyst ratings summary and ratings history on Patterson Companies click here. For more ratings news on Patterson Companies click here.
Shares of Patterson Companies closed at $32.67 yesterday.
Analyst, Glen Losev, said, "The quarter was highlighted by an EPS beat on better than expected revenue in all segments. Guidance issued for F2013 was in line with consensus, and as expected given management's conservative nature and overall broad market uncertainly...The Dental segment (64% of revenue) increased 4.5% to $599M, better than our and consensus estimates and was driven by double digit revenue increase from CEREC dental systems. The adjusted EBTDA margin was 12.8%, better than our expectation of 12%. From the year ago quarter, adjusted EBITDA margin declined 20 bps due to a 90 bps increase in the cost of goods sold which was offset by lower SG&A expense in the quarter."
For an analyst ratings summary and ratings history on Patterson Companies click here. For more ratings news on Patterson Companies click here.
Shares of Patterson Companies closed at $32.67 yesterday.
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