Evercore ISI Downgrades Patterson Companies (PDCO) to Hold
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Patterson Companies Reports Fiscal 2016 Fourth-Quarter Operating Results
May 26, 2016 7:00 AM EDTFourth-quarter sales reached $1.5 billion, up 41.6 percent on a constant currency basis, including the impact of sales from Animal Health International, Inc. On the same basis, full fiscal-year sales rose to $5.4 billion, up 39.5 percent. Quarterly adjusted earnings from continuing operations1 totaled $0.77 per diluted share, up 35.1 percent over the prior year. Company achieves full fiscal-year adjusted earnings from continuing operations1 of $2.47 per diluted share. Company establishes adjusted earnings guidance for fiscal 2017 of $2.60 to $2.70 per diluted... More
