September 2013 update: Patterson’s analyst day recap

Patterson Companies, Inc. hosted their annual analyst meeting in New York earlier this week. Experts at R.W. Baird came away asserting that end markets are stable and that the mid-point guidance for fiscal year 2014 remains realistic, while “upside beyond remains a stretch.”
Sept. 27, 2013
Baird Logo

September 27, 2013

Baird Logo
Patterson Companies, Inc. hosted their annual analyst meeting in New York earlier this week. Experts at R.W. Baird came away asserting that end markets are stable and that the mid-point guidance for fiscal year 2014 remains realistic, while “upside beyond remains a stretch.”

The August 2013 dental survey shows sluggish equipment demand, improved patient volume

“Combined with current valuation and investor expectations that feel a bit high to us across both dental and FY'14/'15 EPS, we're maintaining our Neutral rating and patiently waiting for signs management can someday return to delivering core OM% expansion and consistent double-digit EPS growth.”

As far as investment advice goes, Baird analysts “continue to like” dental for a few reasons: an aging population, an increasing middle class, positive pricing trends, and scarce risks.

See more of what the experts got from the meeting, particularly their take on PDCO, in the PDF: Analyst Day Recap.

Author Lauren Burns
Lauren Burns is the editor of Proofs magazine and the email newsletters RDH Graduate and Proofs. She is currently based out of New York City. Follow her on Twitter: @ellekeid.

About the Author

Lauren Burns

Sign up for our eNewsletters
Get the latest news and updates

Related

Oral pathology reference: Cases 35-38
Pathology case: Dangerous lesion if left untreated