Pool Corporation to Post Q4 2017 Earnings of $0.15 Per Share, William Blair Forecasts (POOL)
Pool Corporation (NASDAQ:POOL) – Investment analysts at William Blair cut their Q4 2017 earnings per share estimates for Pool Corporation in a research note issued on Thursday. William Blair analyst R. Merkel now expects that the specialty retailer will earn $0.15 per share for the quarter, down from their prior estimate of $0.18. William Blair also issued estimates for Pool Corporation’s Q2 2018 earnings at $2.43 EPS and Q3 2018 earnings at $1.31 EPS.
Pool Corporation (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The firm had revenue of $743.40 million for the quarter, compared to the consensus estimate of $727.95 million. Pool Corporation had a net margin of 6.19% and a return on equity of 69.28%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. COPYRIGHT VIOLATION WARNING: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/23/pool-corporation-to-post-q4-2017-earnings-of-0-15-per-share-william-blair-forecasts-pool.html.
Several other brokerages have also recently weighed in on POOL. BidaskClub cut Pool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research cut Pool Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Robert W. Baird upped their price target on Pool Corporation from $125.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday. Sidoti upgraded Pool Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $119.00 to $131.00 in a research report on Friday, September 15th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $127.25.
Shares of Pool Corporation (POOL) opened at 120.79 on Monday. The firm has a market capitalization of $4.98 billion, a P/E ratio of 31.40 and a beta of 0.92. Pool Corporation has a 52 week low of $90.51 and a 52 week high of $124.25. The firm’s 50-day moving average is $108.40 and its 200-day moving average is $113.92.
Several institutional investors and hedge funds have recently made changes to their positions in POOL. UBS Asset Management Americas Inc. increased its position in shares of Pool Corporation by 31.3% during the first quarter. UBS Asset Management Americas Inc. now owns 24,519 shares of the specialty retailer’s stock valued at $2,926,000 after buying an additional 5,845 shares during the period. Teachers Advisors LLC grew its holdings in shares of Pool Corporation by 2.8% during the first quarter. Teachers Advisors LLC now owns 209,425 shares of the specialty retailer’s stock worth $24,991,000 after purchasing an additional 5,712 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Pool Corporation by 120.3% during the first quarter. Legal & General Group Plc now owns 26,519 shares of the specialty retailer’s stock worth $3,165,000 after purchasing an additional 14,484 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Pool Corporation by 9.4% during the first quarter. Thrivent Financial For Lutherans now owns 7,760 shares of the specialty retailer’s stock worth $926,000 after purchasing an additional 670 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Pool Corporation by 4.2% during the first quarter. Vanguard Group Inc. now owns 3,172,624 shares of the specialty retailer’s stock worth $378,589,000 after purchasing an additional 126,641 shares in the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.
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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