|Over a week ago|
Early notable gainers among liquid option names on June 25th » 09:5506/2506/25/20
PDCO, ACN, CHK, AMP, NBL
Notable gainers among…
Notable gainers among liquid option names this morning include Patterson Companies (PDCO) $21.61 +1.58, Accenture (ACN) $215.95 +14.11, Chesapeake (CHK) $12.46 +0.75, Ameriprise (AMP) $149.71 +6.75, and Noble Energy (NBL) $9.57 +0.31.
Patterson Companies price target raised to $21 from $19 at JPMorgan » 07:4006/2506/25/20
JPMorgan analyst Michael…
JPMorgan analyst Michael Minchak raised the firm's price target on Patterson Companies to $21 from $19 and keeps a Neutral rating on the shares following the company's fiscal Q4 results. Adjusted earnings came in well above expectations and not surprisingly, Patterson did not provide initial fiscal 2021 guidance due to ongoing disruption in the North America and International markets, Minchak tells investors in a research note. The analyst continues to see near-term headwinds in the dental business.
Patterson Companies upgraded to Neutral from Sell at Goldman Sachs » 05:0406/2506/25/20
Goldman Sachs analyst…
Goldman Sachs analyst Nathan Rich upgraded Patterson Companies to Neutral from Sell with a price target of $21, up from $11. The analyst sees "greater stability" in the company's earnings outlook for fiscal 2021. Patterson's gross margin initiatives and cost discipline are driving stronger operating margins, as well as improved cash flow, Rich tells investors in a research note. However, it remains unclear how quickly dental trends will recover, especially with COVID cases rising again in the U.S., new constraints on practice capacity, and high unemployment levels, adds the analyst.
Early notable gainers among liquid option names on June 24th » 09:5506/2406/24/20
PDCO, FLIR, PSA, CTXS, REGN
Notable gainers among…
Notable gainers among liquid option names this morning include Patterson Companies (PDCO) $21.18 +0.90, FLIR Systems (FLIR) $40.12 +0.73, Public Storage (PSA) $190.41 +2.17, Citrix (CTXS) $144.13 +1.41, and Regeneron (REGN) $632.46 +3.70.
Patterson Companies reports Q4 adj. EPS 43c, consensus 20c » 07:0406/2406/24/20
Reports Q4 revenue…
Reports Q4 revenue $1.29B, consensus $1.28B. The year-over-year increase in the period is attributable to the sales momentum at the beginning of Q4 and immediate expense reductions in response to COVID-19. "The strategies we executed during fiscal 2020 produced accelerating performance through the first 11 months, enabling us to exceed our goals for the year despite the impact of COVID-19, resulting in full fiscal 2020 adjusted earnings growth of 10.7 percent," said Mark Walchirk, president and CEO of Patterson Companies. "Our strong business momentum from the first three quarters of fiscal 2020 continued to build during the first two months of our fiscal fourth quarter, helping to deliver fourth quarter adjusted earnings growth of 16.2 percent compared to the same period last year.
Early notable gainers among liquid option names on June 23rd » 09:5506/2306/23/20
MHK, SYY, TRIP, SPG, PDCO
Notable gainers among…
Notable gainers among liquid option names this morning include Mohawk (MHK) $100.08 +7.86, Sysco (SYY) $59.05 +4.05, TripAdvisor (TRIP) $19.07 +0.89, Simon Property (SPG) $71.83 +3.28, and Patterson Companies (PDCO) $20.46 +0.75.
Early notable gainers among liquid option names on June 19th » 09:5506/1906/19/20
PDCO, DVN, MPC, CHK, FLR
Notable gainers among…
Notable gainers among liquid option names this morning include Chesapeake (CHK) $14.22 +1.27, Marathon Petroleum (MPC) $40.96 +2.49, Devon Energy (DVN) $13.58 +0.63, Patterson Companies (PDCO) $19.93 +0.92, and Fluor (FLR) $13.78 +0.62.
|Over a month ago|
Henry Schein says dental practice sales down 70%-80% quarter-to-date » 11:0205/0505/05/20
HSIC, PDCO, XRAY
Henry Schein (HSIC)…
Henry Schein (HSIC) executives said dental practice sales have been down 70%-80% quarter-to-date. Henry Schein sees more consolidation as likely among U.S. dental practices in the wake of the COVID-19 crisis, continuing the trend of solo offices consolidating to mid-size and mid-sized practices consolidating into larger ones. Executives continue to speak on the company's earnings conference call. Patterson Companies (PDCO) and Dentsply Sirona (XRAY) are competing distributors in the dental supplies and equipment space.
Patterson Companies withdraws FY20 guidance due to COVID-19 » 07:1304/0604/06/20
Patterson Companies provided an update on the impact of COVID-19 on the company's operations and withdrew its fiscal year 2020 financial guidance. "Patterson has implemented various precautionary measures to protect the health and safety of our employees and support our communities' efforts to control the spread of COVID-19, while maintaining the continuity of our business operations. These measures have included facilitating work from home, restricting travel and implementing a number of other recommended best practices in our headquarters, branch offices and fulfillment centers. Patterson also took swift action to adjust or postpone non-essential projects to ensure the organization remains focused on meeting the needs of its customers. Patterson's fulfillment centers and the Patterson Technology Center remain open and continue to provide essential products and services to our customers. Through the first two months of Patterson's fiscal fourth quarter, the Company remained on track to achieve its fiscal 2020 financial guidance, which was issued on February 27, 2020. Entering the last month of our fiscal year, COVID-19, and measures taken by various authorities in response to the pandemic, have directly and indirectly impacted demand for dental and companion animal products and services. Given the disruption of North American and international market conditions and the inability to accurately predict the economic effects of COVID-19 and related government actions, Patterson is withdrawing its fiscal 2020 financial guidance." Patterson CEO Mark Walchirk said, "Patterson's top priority is the health and safety of our employees, our communities and our customers. I am proud of the way our team is working together to respond to this crisis while continuing to provide our customers with the essential products and services they depend on. The steps we have taken to enhance our core business, improve our efficiency and strengthen our performance have better positioned Patterson as we navigate this unprecedented disruption. We are actively managing our response to the COVID-19 pandemic, and will continue to take additional steps to support our business and our customers as the situation evolves. Although we are not providing updated guidance at this time, we remain confident in the fundamentals and long-term strength of our businesses."
|Over a quarter ago|
Patterson Companies upgraded to Peer Perform from Underperform at Wolfe Research » 06:5004/0204/02/20
Wolfe Research analyst…
Wolfe Research analyst Steve Beuchaw upgraded Patterson Companies to Peer Perform from Underperform.