Pool Corp. (POOL) Scheduled to Post Earnings on Thursday
Pool Corp. (NASDAQ:POOL) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Pool Corp. has set its FY16 guidance at $3.30-3.45 EPS.
Pool Corp. (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.05. The firm had revenue of $918.90 million for the quarter, compared to the consensus estimate of $904.82 million. Pool Corp. had a net margin of 5.76% and a return on equity of 57.51%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.75 EPS. On average, analysts expect Pool Corp. to post $3.42 EPS for the current fiscal year and $3.8 EPS for the next fiscal year.
Pool Corp. (NASDAQ:POOL) opened at 93.36 on Wednesday. The stock has a 50 day moving average of $95.50 and a 200-day moving average of $94.06. Pool Corp. has a 12 month low of $71.10 and a 12 month high of $102.86. The firm has a market cap of $3.93 billion, a P/E ratio of 28.37 and a beta of 0.90.
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In related news, insider Hart Melanie Housey sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $102.31, for a total value of $204,620.00. Following the transaction, the insider now directly owns 9,290 shares in the company, valued at $950,459.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark W. Joslin sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $100.85, for a total transaction of $756,375.00. Following the completion of the transaction, the insider now owns 127,859 shares in the company, valued at $12,894,580.15. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Atlanta Capital Management Co. L L C boosted its position in Pool Corp. by 2.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 417,149 shares of the company’s stock valued at $39,225,000 after buying an additional 9,351 shares during the period. Columbia Wanger Asset Management LLC boosted its position in shares of Pool Corp. by 8.3% in the second quarter. Columbia Wanger Asset Management LLC now owns 142,924 shares of the company’s stock worth $13,439,000 after buying an additional 10,933 shares during the last quarter. Pictet Asset Management Ltd. acquired a new position in shares of Pool Corp. during the second quarter worth approximately $5,870,000. Thrivent Financial for Lutherans boosted its position in shares of Pool Corp. by 11.2% in the second quarter. Thrivent Financial for Lutherans now owns 6,040 shares of the company’s stock worth $568,000 after buying an additional 610 shares during the last quarter. Finally, WBI Investments Inc. acquired a new position in shares of Pool Corp. during the second quarter worth approximately $8,017,000. Institutional investors own 91.46% of the company’s stock.
POOL has been the topic of several analyst reports. Zacks Investment Research cut Pool Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Wedbush initiated coverage on Pool Corp. in a research report on Wednesday, August 24th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Johnson Rice cut Pool Corp. from a “buy” rating to an “accumulate” rating in a research report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $97.80.
About Pool Corp.
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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