Pentair, Ltd. Registered Share (PNR) Announces Quarterly Earnings, Beats Estimates By $0.01 EPS
Pentair, Ltd. Registered Share (NYSE:PNR) released its earnings data on Thursday. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.01, Analyst Ratings News reports. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis.
Pentair, Ltd. Registered Share (NYSE:PNR) opened at 69.59 on Thursday. Pentair, Ltd. Registered Share has a 52 week low of $59.89 and a 52 week high of $83.37. The stock’s 50-day moving average is $72.8 and its 200-day moving average is $75.95. The company has a market cap of $13.549 billion and a price-to-earnings ratio of 23.54.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 8th. Investors of record on Friday, July 25th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, July 23rd.
A number of research firms have recently commented on PNR. Analysts at Zacks reiterated a “neutral” rating on shares of Pentair, Ltd. Registered Share in a research note on Friday, June 27th. They now have a $77.00 price target on the stock. On the ratings front, analysts at Goldman Sachs initiated coverage on shares of Pentair, Ltd. Registered Share in a research note on Friday, June 27th. They set a “neutral” rating and a $83.00 price target on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of Pentair, Ltd. Registered Share in a research note on Thursday, May 15th. They set a “market perform” rating and a $70.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Pentair, Ltd. Registered Share currently has an average rating of “Buy” and an average price target of $80.28.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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