KeyCorp Analysts Boost Earnings Estimates for Pool Corporation (POOL)
Pool Corporation (NASDAQ:POOL) – Equities researchers at KeyCorp lifted their FY2018 earnings estimates for Pool Corporation in a research note issued to investors on Thursday. KeyCorp analyst K. Zener now anticipates that the specialty retailer will earn $4.83 per share for the year, up from their previous forecast of $4.62.
A number of other brokerages have also recently weighed in on POOL. BidaskClub cut Pool Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research cut Pool Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Robert W. Baird lifted their target price on Pool Corporation from $125.00 to $131.00 and gave the company an “outperform” rating in a report on Friday. Sidoti upgraded Pool Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $119.00 to $131.00 in a report on Friday, September 15th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $127.25.
Shares of Pool Corporation (NASDAQ POOL) opened at 120.79 on Monday. The company has a 50 day moving average price of $108.40 and a 200 day moving average price of $113.92. Pool Corporation has a 12-month low of $90.51 and a 12-month high of $124.25. The stock has a market cap of $4.98 billion, a P/E ratio of 31.40 and a beta of 0.92.
Pool Corporation (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The firm had revenue of $743.40 million for the quarter. Pool Corporation had a return on equity of 69.28% and a net margin of 6.19%. Pool Corporation’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS.
Large investors have recently added to or reduced their stakes in the business. FNY Partners Fund LP purchased a new position in Pool Corporation in the first quarter valued at about $126,000. Northwestern Mutual Wealth Management Co. raised its position in Pool Corporation by 1,198.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after purchasing an additional 1,055 shares during the period. Huntington National Bank raised its position in Pool Corporation by 27.9% in the second quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock valued at $174,000 after purchasing an additional 323 shares during the period. Daiwa Securities Group Inc. purchased a new position in Pool Corporation in the second quarter valued at about $188,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pool Corporation by 13.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock valued at $189,000 after purchasing an additional 185 shares during the period. 92.14% of the stock is currently owned by institutional investors.
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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