Pentair PLC. (PNR) Issues Q4 Earnings Guidance
Pentair PLC. (NYSE:PNR) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.93. The company issued revenue guidance of $1.24 billion, compared to the consensus revenue estimate of $1.24 billion.
Shares of Pentair PLC. (NYSE:PNR) opened at 70.82 on Tuesday. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $71.44. The stock has a 50 day moving average price of $67.45 and a 200-day moving average price of $65.23. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 20.85 and a beta of 1.41.
Pentair PLC. (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. Pentair PLC.’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Pentair PLC. will post $3.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 3rd. Stockholders of record on Friday, October 20th will be issued a dividend of $0.345 per share. The ex-dividend date is Thursday, October 19th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.95%. Pentair PLC.’s dividend payout ratio (DPR) is currently 40.71%.
A number of equities analysts have recently commented on PNR shares. BidaskClub cut Pentair PLC. from a hold rating to a sell rating in a report on Thursday, July 27th. KeyCorp reissued a buy rating and set a $77.00 price target on shares of Pentair PLC. in a report on Thursday, October 12th. Morgan Stanley reissued an equal weight rating and set a $74.00 price target (up previously from $70.00) on shares of Pentair PLC. in a report on Monday, October 2nd. Zacks Investment Research raised Pentair PLC. from a hold rating to a buy rating and set a $75.00 price target for the company in a report on Wednesday, July 12th. Finally, Cowen and Company reissued an underperform rating and set a $61.00 price target (up previously from $59.00) on shares of Pentair PLC. in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Pentair PLC. currently has a consensus rating of Hold and a consensus price target of $68.15.
In other news, Director Ronald Merriman sold 5,200 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $67.00, for a total value of $348,400.00. Following the completion of the sale, the director now owns 21,538 shares of the company’s stock, valued at $1,443,046. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 9.90% of the company’s stock.
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Pentair PLC. Company Profile
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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