Zacks: Brokerages Anticipate Pool Co. (POOL) Will Announce Earnings of $0.17 Per Share

Wall Street brokerages expect Pool Co. (NASDAQ:POOL) to post earnings per share of $0.17 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Pool’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.19. Pool posted earnings per share of $0.06 in the same quarter last year, which would suggest a positive year over year growth rate of 183.3%. The company is scheduled to report its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Pool will report full year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $4.06 to $4.09. For the next year, analysts anticipate that the firm will report earnings of $4.73 per share, with EPS estimates ranging from $4.60 to $4.83. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Pool.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The company had revenue of $743.40 million for the quarter. Pool had a return on equity of 69.28% and a net margin of 6.19%. Pool’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share.

POOL has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. BidaskClub upgraded Pool from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $127.25.

In related news, Director Harlan F. Seymour sold 15,502 shares of Pool stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the sale, the director now directly owns 15,995 shares of the company’s stock, valued at $1,901,325.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert C. Sledd sold 7,200 shares of Pool 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 sale, the director now directly owns 23,814 shares in the company, valued at $3,120,110.28. The disclosure for this sale can be found here. Insiders sold 70,330 shares of company stock worth $8,536,195 over the last quarter. 7.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in POOL. Northwestern Mutual Wealth Management Co. grew its position in Pool by 1,198.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock worth $134,000 after buying an additional 1,055 shares in the last quarter. Polen Capital Management LLC acquired a new stake in Pool during the third quarter worth about $207,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Pool during the third quarter worth about $217,000. D.A. Davidson & CO. grew its position in Pool by 8.8% during the second quarter. D.A. Davidson & CO. now owns 2,059 shares of the specialty retailer’s stock worth $242,000 after buying an additional 166 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Pool by 4.4% during the second quarter. Coldstream Capital Management Inc. now owns 2,140 shares of the specialty retailer’s stock worth $252,000 after buying an additional 90 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Pool (NASDAQ POOL) traded up $0.99 during trading on Friday, hitting $130.55. The stock had a trading volume of 209,487 shares, compared to its average volume of 166,938. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $5,257.83, a price-to-earnings ratio of 33.05 and a beta of 0.96. Pool has a twelve month low of $97.25 and a twelve month high of $133.06.

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About Pool

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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