Evercore ISI Downgrades Patterson Companies (PDCO) to Hold
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May 26, 2016 3:42 PM EDT
Stifel 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
May 26, 2016 7:08 AM EDT
Patterson 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
