Pool Corporation (POOL) Set to Announce Quarterly Earnings on Wednesday
Pool Corporation (NASDAQ:POOL) will issue its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Pool Corporation has set its FY17 guidance at $4.12-4.32 EPS.
Pool Corporation (NASDAQ:POOL) last issued 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 firm 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 period last year, the firm posted $1.98 EPS. On average, analysts expect Pool Corporation to post $4.11 EPS for the current fiscal year and $4.71 EPS for the next fiscal year.
Pool Corporation (NASDAQ:POOL) opened at 110.26 on Wednesday. The stock’s 50 day moving average price is $105.48 and its 200-day moving average price is $114.17. Pool Corporation has a 12 month low of $88.65 and a 12 month high of $124.26. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 28.66 and a beta of 0.92.
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Several analysts recently issued reports on POOL shares. BidaskClub cut shares of Pool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research cut shares of Pool Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Sidoti raised shares of Pool Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $119.00 to $131.00 in a research note on Friday, September 15th. Finally, Johnson Rice raised shares of 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. The stock presently has an average rating of “Buy” and an average price target of $127.00.
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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