Patterson Companies Reports Fiscal 2017 Second-Quarter Operating Results
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November 22, 2016 12:32 PM EST
Evercore ISI analyst Ross Muken lowered estimates and his price target on Patterson Companies (NASDAQ: PDCO) to $39 (from $46) following weak results and outlook.
Muken commented, "PDCOs steep correction today post challenging results and the surprising SIRO news seems sensible to us, assuming management has a handle on the market slowdown and the transition to multiple technologies vs. CEREC exclusively... More
November 22, 2016 7:01 AM EST
Patterson Cos. (NASDAQ: PDCO) reported Q2 EPS of $0.56, $0.04 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.44 billion.
GUIDANCE:
Patterson Cos. sees FY2017 EPS of $2.25-$2.35, versus the consensus of $2.64.
Patterson Companies competes in two markets with... More
