Patterson Companies Inc. (PDCO) Reports Higher Profit for Q2

Patterson Companies Inc. (NASDAQ: PDCO), this week, reported positive results for its fiscal second quarter of the year. The company reported 8 percent increase in its profits for the second quarter of the year. The increase has been attributed to sales of its digital imaging systems and dental restorative system. The company reported its second quarter profit at 45 cents per share or $53.4 million. The company had earned 41 cents per share or $49.3 million in profits during the corresponding quarter of the last year.

* Patterson Companies Inc. earned $857.4 million in revenue for the quarter.
* The company’s quarterly revenue was up 5 percent from the same quarter last year. It had earned $815 million in revenue a year earlier.

Patterson Companies Inc. was expected to report its revenue at $845.9 million. Its earnings expectations were set at 45 cents per share. The company has also reiterated its forecast for fiscal 2011. The company expects to earn profits in the range of $1.89 and $1.99 per share. The consensus street estimates have been pegged at $1.94 per share. Jefferies & Co. has reiterated its ‘buy’ rating for the stock.

Key Financial Stats

Valuation

* Price/Earnings(TTM)16.00
* Price/Cash Flow14.30
* Price/Sales (TTM)1.12
* Price/Book2.52

Financial Strength

* Quick Ratio (MRQ)2.30
* Current Ratio (MRQ)3.40
* LT Debt to Equity (MRQ)0.35
* Total Debt to Capital (MRQ)0.35
* Return on Equity14.90

Assets

* Asset Turnover1.40
* Asset per Employee.1M
* Inventory Turnover6.80

Per Share Data

* Earnings (TTM)1.89
* Current P/E Ratio3.40
* Cash Flow2.11
* Annual Dividend0.40
* Book Value11.98
* EBITDA11.50

Profitability

* Market Cap1.89
* Gross Margin (TTM)34.90
* Operating Margin (TTM)11.50
* Profit Margin (TTM) 6.70

Management Effectiveness

* Return on Equity (TTM)14.90%
* Return on Assets (TTM)9.00%
* Return on Investment (TTM)11.00%

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