Zacks: Analysts Expect Pool Co. (POOL) Will Announce Quarterly Sales of $478.37 Million

Equities research analysts expect that Pool Co. (NASDAQ:POOL) will post sales of $478.37 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pool’s earnings. The highest sales estimate is $482.25 million and the lowest is $476.40 million. Pool posted sales of $445.24 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The firm is scheduled to announce its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Pool will report full-year sales of $478.37 million for the current financial year, with estimates ranging from $2.74 billion to $2.76 billion. For the next financial year, analysts forecast that the firm will report sales of $2.93 billion per share, with estimates ranging from $2.88 billion to $2.96 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Pool.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The business had revenue of $743.40 million during the quarter. Pool had a return on equity of 69.28% and a net margin of 6.19%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS.

A number of analysts have commented on the company. BidaskClub upgraded Pool from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. Robert W. Baird upped their price target on Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Finally, Sidoti upgraded Pool from a “neutral” rating to a “buy” rating and upped their price target for the stock from $119.00 to $131.00 in a research report on Friday, September 15th. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $127.25.

In other news, Director Robert C. Sledd sold 7,200 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $131.02, for a total value of $943,344.00. Following the completion of the transaction, the director now owns 23,814 shares of the company’s stock, valued at $3,120,110.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $120.73, for a total value of $5,750,128.44. Following the completion of the transaction, the chief executive officer now directly owns 61,708 shares of the company’s stock, valued at approximately $7,450,006.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,330 shares of company stock valued at $8,536,195. Company insiders own 7.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Pool by 20.6% during the third quarter. Public Employees Retirement System of Ohio now owns 92,826 shares of the specialty retailer’s stock valued at $10,041,000 after buying an additional 15,861 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Pool by 109.1% during the third quarter. GSA Capital Partners LLP now owns 28,018 shares of the specialty retailer’s stock valued at $3,031,000 after buying an additional 14,616 shares during the last quarter. Algert Global LLC bought a new position in Pool during the third quarter valued at approximately $802,000. California Public Employees Retirement System boosted its stake in Pool by 5.9% during the third quarter. California Public Employees Retirement System now owns 110,454 shares of the specialty retailer’s stock valued at $11,948,000 after buying an additional 6,154 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Pool by 189.7% during the third quarter. Cubist Systematic Strategies LLC now owns 15,150 shares of the specialty retailer’s stock valued at $1,639,000 after buying an additional 9,920 shares during the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Pool (NASDAQ:POOL) traded up $1.01 on Friday, reaching $132.04. The company’s stock had a trading volume of 173,600 shares, compared to its average volume of 198,633. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.03 and a current ratio of 2.61. The stock has a market capitalization of $5,263.06, a PE ratio of 33.43 and a beta of 0.96. Pool has a fifty-two week low of $97.25 and a fifty-two week high of $132.35.

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Pool 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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