Patterson Companies Reports Fiscal 2016 Fourth-Quarter Operating Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Evercore ISI Downgrades Patterson Companies (PDCO) to Hold
May 27, 2016 6:22 AM EDTEvercore ISI downgraded Patterson Companies (NASDAQ: PDCO) from Buy to Hold with a price target of $48.50 (from $49.50).
The firm lowered FY17 EPS from $2.78 to $2.65 due to a materially more conservative view of core revenue growth (now LSD), margin decline vs. expansion, and a lower benefit from repurchases; FY18 EPS from $3.08 to $2.80 given a continued view of LSD underlying Dental / Vet growth and more modest incremental OMs (more comparable to historical rates); FY19 EPS Initiated at $3.00 which contemplates ~3.5% organic revenue growth, 10 bps of OMx, a 33.5% effective tax rate, and all FCF deployed on share... More
Stifel Remains Sidelined on Patterson Cos. (PDCO) Following 4Q Report
May 26, 2016 3:42 PM EDTStifel reiterated a Hold rating on Patterson Companies (NASDAQ: PDCO) following the company's 4Q earnings report. PDCO reported an EPS of $0.77, matching with Stifel's estimate. Patterson also provided initial guidance for FY17 of $2.60-2.70.
Analyst Jonathan Block commented, "Pattersons fiscal 4Q16 revenue was a bit light as Dental fell modestly short of expectations. There were few surprises on the operating margin side (8.2% versus our 8.3%E) so the... More
Patterson Cos. (PDCO) Tops Q4 EPS by 2c; Guides FY17 EPS Flat with Views
May 26, 2016 7:08 AM EDTPatterson Cos. (NASDAQ: PDCO) reported Q4 EPS of $0.77, $0.02 better than the analyst estimate of $0.75. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.46 billion.
GUIDANCE:
Patterson Cos. sees FY2017 EPS of $2.60-$2.70, versus the consensus of... More
