Wall Street analysts expect Pentair PLC. (NYSE:PNR) to report earnings per share of $0.93 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Pentair PLC.’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.92. Pentair PLC. reported earnings of $0.78 per share in the same quarter last year, which indicates a positive year over year growth rate of 19.2%. The business is scheduled to issue its next earnings results on Tuesday, October 24th.

On average, analysts expect that Pentair PLC. will report full year earnings of $3.51 per share for the current year, with EPS estimates ranging from $3.49 to $3.59. For the next financial year, analysts anticipate that the business will report earnings of $3.93 per share, with EPS estimates ranging from $3.83 to $4.05. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Pentair PLC..

Pentair PLC. (NYSE:PNR) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. Pentair PLC.’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share.

A number of equities research analysts have recently weighed in on PNR shares. BidaskClub lowered shares of Pentair PLC. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Wolfe Research started coverage on shares of Pentair PLC. in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, July 12th. BMO Capital Markets restated a “hold” rating and issued a $70.00 price objective on shares of Pentair PLC. in a report on Wednesday, September 6th. Finally, Bank of America Corporation restated a “sell” rating and issued a $65.00 price objective on shares of Pentair PLC. in a report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $67.23.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Keybank National Association OH grew its position in shares of Pentair PLC. by 0.6% in the 1st quarter. Keybank National Association OH now owns 4,329 shares of the industrial products company’s stock valued at $272,000 after buying an additional 24 shares during the last quarter. Cleararc Capital Inc. grew its position in shares of Pentair PLC. by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 4,095 shares of the industrial products company’s stock valued at $257,000 after buying an additional 28 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Pentair PLC. by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,456 shares of the industrial products company’s stock valued at $829,000 after buying an additional 53 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Pentair PLC. by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock valued at $1,092,000 after buying an additional 54 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Pentair PLC. by 1.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,439 shares of the industrial products company’s stock valued at $295,000 after buying an additional 62 shares during the last quarter. 85.59% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Pentair PLC. (NYSE PNR) traded up 0.70% during trading on Thursday, reaching $64.99. 696,492 shares of the company were exchanged. The stock has a market capitalization of $11.79 billion, a P/E ratio of 19.13 and a beta of 1.40. The firm has a 50-day moving average price of $62.21 and a 200-day moving average price of $63.68. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $69.03.

About Pentair PLC.

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

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Earnings History and Estimates for Pentair PLC. (NYSE:PNR)

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