Pool Corporation (POOL) Expected to Post Earnings of $1.18 Per Share
Equities analysts expect Pool Corporation (NASDAQ:POOL) to post earnings per share (EPS) of $1.18 for the current quarter, Zacks reports. Three analysts have made estimates for Pool Corporation’s earnings. The lowest EPS estimate is $1.16 and the highest is $1.20. Pool Corporation posted earnings per share of $1.03 in the same quarter last year, which would indicate a positive year over year growth rate of 14.6%. The firm is scheduled to announce its next earnings report on Thursday, October 19th.
On average, analysts expect that Pool Corporation will report full-year earnings of $4.20 per share for the current year, with EPS estimates ranging from $4.18 to $4.22. For the next fiscal year, analysts forecast that the company will report earnings of $4.61 per share, with EPS estimates ranging from $4.60 to $4.62. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Pool Corporation.
Pool Corporation (NASDAQ:POOL) last announced its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.24 by $0.03. The firm had revenue of $988.16 million for the quarter. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.98 EPS.
Several equities analysts recently commented on POOL shares. Zacks Investment Research downgraded Pool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. Finally, BidaskClub downgraded Pool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $125.67.
Shares of Pool Corporation (NASDAQ POOL) traded up 0.22% during trading on Tuesday, hitting $107.85. The stock had a trading volume of 27,233 shares. Pool Corporation has a 52 week low of $88.64 and a 52 week high of $124.25. The company’s 50 day moving average price is $116.91 and its 200 day moving average price is $116.55. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 28.03 and a beta of 0.91.
Pool Corporation declared that its board has approved a stock repurchase plan on Wednesday, May 3rd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be paid a $0.37 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.48 annualized dividend and a yield of 1.38%. Pool Corporation’s payout ratio is 38.74%.
In related news, CEO De La Mesa Manuel J. Perez sold 12,372 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $122.12, for a total value of $1,510,868.64. Following the transaction, the chief executive officer now owns 51,953 shares in the company, valued at $6,344,500.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.00% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. First Quadrant L P CA increased its stake in Pool Corporation by 48.6% in the first quarter. First Quadrant L P CA now owns 219,833 shares of the specialty retailer’s stock valued at $26,233,000 after buying an additional 71,858 shares in the last quarter. Acadian Asset Management LLC increased its stake in Pool Corporation by 900.7% in the first quarter. Acadian Asset Management LLC now owns 4,213 shares of the specialty retailer’s stock valued at $502,000 after buying an additional 3,792 shares in the last quarter. Profund Advisors LLC increased its stake in Pool Corporation by 3.3% in the first quarter. Profund Advisors LLC now owns 5,668 shares of the specialty retailer’s stock valued at $676,000 after buying an additional 182 shares in the last quarter. Fisher Asset Management LLC increased its stake in Pool Corporation by 2.1% in the first quarter. Fisher Asset Management LLC now owns 704,481 shares of the specialty retailer’s stock valued at $84,066,000 after buying an additional 14,550 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Pool Corporation by 5.1% in the first quarter. Nationwide Fund Advisors now owns 377,725 shares of the specialty retailer’s stock valued at $45,074,000 after buying an additional 18,197 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Pool Corporation Company Profile
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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