Patterson Companies (PDCO) PT Lowered to $26 at Piper Sandler

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Go back to Patterson Companies (PDCO) PT Lowered to $26 at Piper Sandler

Patterson Companies Reports Fiscal 2025 First Quarter Operating Results

August 28, 2024 7:00 AM EDT

First quarter reported net sales decreased 2.2 percent year-over-year to $1.54 billion, and internal sales decreased 2.8 percent. Returned $73.3 million to shareholders in first quarter of fiscal 2025 through dividends and share repurchases. Delivered first quarter GAAP earnings of $0.15 per diluted share and adjusted earnings1 of $0.24 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by the cybersecurity attack on Change Healthcare compared to the prior year. Reaffirms fiscal 2025 GAAP earnings guidance range of $2.00 to $2.10 per diluted share and adjusted earnings1 guidance range of $2.33 to $2.43 per diluted... More