Patterson Companies Reports Fiscal 2020 First-Quarter Operating Results

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Patterson Companies (PDCO) PT Lowered to $17 at Wolfe Research

August 30, 2019 7:55 AM EDT

Wolfe Research analyst Steve Beuchaw lowered the price target on Patterson Companies (NASDAQ: PDCO) to $17.00 while maintaining a Underperform rating.

Cuts PT to reflect weaker production animal market and continues caution on dental sales.... More

Patterson Companies (PDCO) PT Lowered to $19 at Baird

August 30, 2019 5:11 AM EDT

Baird lowered its price target on Patterson Companies (NASDAQ: PDCO) to $19.00 (from $23.00) while maintaining a Neutral rating.

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Patterson Companies (PDCO) PT Lowered to $17 at Evercore ISI

August 30, 2019 5:10 AM EDT

Evercore ISI analyst Ross Muken lowered the price target on Patterson Companies (NASDAQ: PDCO) to $17.00 (from $20.00) while maintaining a In Line rating.

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Patterson Cos. (PDCO) Tops Q1 EPS by 3c; Affirms FY20 EPS Outlook

August 29, 2019 7:02 AM EDT

Patterson Cos. (NASDAQ: PDCO) reported Q1 EPS of $0.27, $0.03 better than the analyst estimate of $0.24. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.36 billion.

Delivered first-quarter reported net sales of $1.3 billion.Grew first-quarter adjusted operating margin by 23 bps year-over-year, as a result of margin expansion in both Animal Health and Dental segments.Generated $51.6 million in adjusted free cash flow1 for the quarter; adjusted free cash flow increased 30 percent year-over-year.Delivered first-quarter GAAP earnings of $0.32 per diluted share and adjusted earnings1 of $0.27 per diluted share, a... More