Pool Co. (POOL) Updates FY17 Earnings Guidance
Pool Co. (NASDAQ:POOL) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.12-4.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.09.
Pool Co. (NASDAQ:POOL) opened at 117.49 on Thursday. Pool Co. has a one year low of $85.89 and a one year high of $121.31. The company has a 50 day moving average of $118.42 and a 200-day moving average of $106.49. The firm has a market cap of $4.84 billion, a PE ratio of 33.86 and a beta of 0.88.
Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, April 20th. The specialty retailer reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. The business earned $546.40 million during the quarter, compared to the consensus estimate of $523.53 million. Pool had a net margin of 5.86% and a return on equity of 59.21%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities research analysts predict that Pool Co. will post $4.11 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Monday, March 13th. Pool’s dividend payout ratio is presently 35.94%.
A number of equities analysts have commented on POOL shares. Wedbush lifted their price objective on shares of Pool from $109.00 to $120.00 and gave the stock an outperform rating in a report on Tuesday, February 14th. Robert W. Baird raised shares of Pool from a neutral rating to an outperform rating and lifted their price objective for the stock from $103.00 to $130.00 in a report on Friday, February 17th.
In other news, insider Mark W. Joslin sold 1,932 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $117.25, for a total transaction of $226,527.00. Following the completion of the transaction, the insider now owns 122,271 shares of the company’s stock, valued at $14,336,274.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $119.99, for a total transaction of $3,599,700.00. Following the transaction, the chief executive officer now directly owns 61,651 shares of the company’s stock, valued at approximately $7,397,503.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,012 shares of company stock valued at $18,062,548. 8.00% of the stock is currently owned by corporate insiders.
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Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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