$727.95 Million in Sales Expected for Pool Corporation (POOL) This Quarter
Brokerages expect Pool Corporation (NASDAQ:POOL) to announce $727.95 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pool Corporation’s earnings. The lowest sales estimate is $724.78 million and the highest is $731.50 million. Pool Corporation posted sales of $691.43 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The business is expected to report its next earnings results on Thursday, October 19th.
According to Zacks, analysts expect that Pool Corporation will report full year sales of $727.95 million for the current fiscal year. For the next fiscal year, analysts forecast that the business will post sales of $2.91 billion per share, with estimates ranging from $2.88 billion to $2.93 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Pool Corporation.
Pool Corporation (NASDAQ:POOL) last posted its quarterly earnings data 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 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 firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.98 earnings per share.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Pool Corporation from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Friday, June 16th. BidaskClub cut Pool Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Sidoti upgraded Pool Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $119.00 to $131.00 in a research note on Friday, September 15th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $127.00.
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Shares of Pool Corporation (NASDAQ POOL) opened at 110.91 on Wednesday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 28.83 and a beta of 0.92. The company has a 50-day moving average of $104.85 and a 200 day moving average of $114.45. Pool Corporation has a 12-month low of $88.65 and a 12-month high of $124.26.
Several hedge funds have recently bought and sold shares of the company. FNY Partners Fund LP acquired a new stake in shares of Pool Corporation during the 1st quarter valued at about $126,000. Northwestern Mutual Wealth Management Co. raised its holdings in Pool Corporation by 1,198.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock worth $134,000 after purchasing an additional 1,055 shares during the period. Huntington National Bank raised its holdings in Pool Corporation by 27.9% in the 2nd quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock worth $174,000 after purchasing an additional 323 shares during the period. Daiwa Securities Group Inc. acquired a new position in Pool Corporation in the 2nd quarter worth about $188,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pool Corporation by 13.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 185 shares during the period. 92.14% of the stock is currently owned by institutional investors and hedge funds.
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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