Pool Corporation (POOL) Expected to Post Quarterly Sales of $728.64 Million
Analysts expect Pool Corporation (NASDAQ:POOL) to report $728.64 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Pool Corporation’s earnings, with the lowest sales estimate coming in at $726.85 million and the highest estimate coming in at $731.50 million. Pool Corporation reported sales of $691.43 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that Pool Corporation will report full year sales of $728.64 million for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report sales of $2.91 billion per share, with estimates ranging from $2.88 billion to $2.93 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Pool Corporation.
Pool Corporation (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.03). The company had revenue of $988.16 million for the quarter. Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.98 EPS.
POOL has been the topic of several recent research reports. Zacks Investment Research cut Pool Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Johnson Rice raised Pool Corporation from an “accumulate” rating to a “buy” rating in a research report on Monday, July 24th. BidaskClub cut Pool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Sidoti raised Pool Corporation from a “neutral” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Pool Corporation presently has a consensus rating of “Buy” and a consensus target price of $125.67.
Institutional investors have recently bought and sold shares of the company. Karp Capital Management Corp acquired a new stake in shares of Pool Corporation in the 1st quarter worth $1,525,000. Eagle Asset Management Inc. boosted its position in shares of Pool Corporation by 11.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock worth $132,306,000 after purchasing an additional 111,250 shares in the last quarter. BlackRock Inc. boosted its position in shares of Pool Corporation by 12,429.3% in the 1st quarter. BlackRock Inc. now owns 3,260,758 shares of the specialty retailer’s stock worth $389,106,000 after purchasing an additional 3,234,733 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Pool Corporation by 10.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 385,000 shares of the specialty retailer’s stock worth $45,264,000 after purchasing an additional 37,000 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Pool Corporation by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 557,931 shares of the specialty retailer’s stock worth $65,596,000 after purchasing an additional 13,478 shares in the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Pool Corporation (NASDAQ:POOL) traded down 0.05% on Friday, reaching $104.99. The company’s stock had a trading volume of 577,578 shares. The firm has a market capitalization of $4.33 billion, a PE ratio of 27.29 and a beta of 0.92. Pool Corporation has a one year low of $88.65 and a one year high of $124.26. The firm has a 50-day moving average price of $104.69 and a 200 day moving average price of $115.29.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a dividend of $0.37 per share. The ex-dividend date was Monday, August 7th. This represents a $1.48 annualized dividend and a yield of 1.41%. Pool Corporation’s dividend payout ratio (DPR) is presently 38.74%.
About Pool Corporation
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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