NEW YORK (TheStreet) -- Shares of Patterson Cos. (PDCO) - Get Report are gaining by 1.21% to $46.07 on Thursday morning, after the company posted better-than-expected earnings for the 2016 fiscal fourth quarter.

Before today's market open, the Saint Paul, MN-based medical supplies maker reported adjusted earnings of 77 cents per diluted share, above analysts' expectations of 75 cents per share.

Revenue for the period was $1.45 billion, slightly lower than analysts' estimates of $1.46 billion.

For fiscal 2017, Patterson Cos. forecasts adjusted earnings per diluted share between $2.60 and $2.70. Analysts are looking for earnings of $2.66 per share.

The company serves the dental, veterinary and rehabilitation supply markets.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

You can view the full analysis from the report here: PDCO

Image placeholder title