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Headquartered in St. Paul, MN, Patterson Companies Inc. (PDCO - Free Report) is one of the leading distributors of dental and companion-pet veterinarian supplies in the United States and Canada.
Currently, Patterson Companies has a Zacks Rank #5 (Strong Sell) but that could change following its fourth-quarter fiscal 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. We have highlighted some of the key details from the just-released announcement below:
Earnings: Patterson Companies posted adjusted earnings from continuing operations of 30 cents, which plunged by 56.5% from the year-ago quarter. However, earnings per share came in line with the Zacks Consensus Estimate.
Sales: Net sales came in at $1.4 billion, which marginally missed the Zacks Consensus Estimate of $1.43 billion. Revenues fell by 3.1% on a year-over-year basis.
Key Stats: Patterson Animal Health sales rose 2.5% on a year-over-year basis, to $848 million. However, sales in the segment rose 2.2% at constant currency (cc).
Patterson Dental sales were up 0.4% at cc to $545.8 million year over year. However, sales in the segment fell by 10.1% on a reported basis.
Major Factors: Patterson Companies issued 2019 earnings guidance.
Adjusted earnings per share are expected between $1.73 to $1.83 per diluted share.
Stock Price: Shares of Patterson Companies have declined roughly 54.5% in a year’s time, while the industry has gained 7%. Following the earnings release, share prices inched up 2.1% at $23 in the pre-market trading session.
Check back for our full write up on this Patterson Companies earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Patterson Companies (PDCO) Q4 Earnings Meet Estimates
Headquartered in St. Paul, MN, Patterson Companies Inc. (PDCO - Free Report) is one of the leading distributors of dental and companion-pet veterinarian supplies in the United States and Canada.
Currently, Patterson Companies has a Zacks Rank #5 (Strong Sell) but that could change following its fourth-quarter fiscal 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. We have highlighted some of the key details from the just-released announcement below:
Earnings: Patterson Companies posted adjusted earnings from continuing operations of 30 cents, which plunged by 56.5% from the year-ago quarter. However, earnings per share came in line with the Zacks Consensus Estimate.
Sales: Net sales came in at $1.4 billion, which marginally missed the Zacks Consensus Estimate of $1.43 billion. Revenues fell by 3.1% on a year-over-year basis.
Patterson Companies, Inc. Price and EPS Surprise
Patterson Companies, Inc. Price and EPS Surprise | Patterson Companies, Inc. Quote
Key Stats: Patterson Animal Health sales rose 2.5% on a year-over-year basis, to $848 million. However, sales in the segment rose 2.2% at constant currency (cc).
Patterson Dental sales were up 0.4% at cc to $545.8 million year over year. However, sales in the segment fell by 10.1% on a reported basis.
Major Factors: Patterson Companies issued 2019 earnings guidance.
Adjusted earnings per share are expected between $1.73 to $1.83 per diluted share.
Stock Price: Shares of Patterson Companies have declined roughly 54.5% in a year’s time, while the industry has gained 7%. Following the earnings release, share prices inched up 2.1% at $23 in the pre-market trading session.
Check back for our full write up on this Patterson Companies earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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