Zacks: Analysts Expect Pool Co. (POOL) Will Post Earnings of $0.45 Per Share

Brokerages predict that Pool Co. (NASDAQ:POOL) will report earnings per share of $0.45 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Pool’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.42. Pool reported earnings per share of $0.21 in the same quarter last year, which would suggest a positive year-over-year growth rate of 114.3%. The firm is expected to announce its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Pool will report full-year earnings of $5.63 per share for the current financial year, with EPS estimates ranging from $5.55 to $5.70. For the next year, analysts forecast that the business will report earnings of $6.12 per share, with EPS estimates ranging from $5.92 to $6.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Pool.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.08. Pool had a net margin of 8.21% and a return on equity of 78.04%. The business had revenue of $811.31 million for the quarter. During the same period in the previous year, the business posted $1.16 EPS. Pool’s revenue was up 9.1% compared to the same quarter last year.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Pool from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. BidaskClub upgraded shares of Pool from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 7th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Pool currently has a consensus rating of “Hold” and an average price target of $160.40.

In other Pool news, CEO De La Mesa Manuel J. Perez sold 20,448 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $162.28, for a total value of $3,318,301.44. Following the transaction, the chief executive officer now directly owns 69,001 shares in the company, valued at $11,197,482.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 10,300 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $160.98, for a total transaction of $1,658,094.00. Following the completion of the transaction, the chief executive officer now owns 69,001 shares in the company, valued at $11,107,780.98. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POOL. Vanguard Group Inc. increased its position in Pool by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,392,184 shares of the specialty retailer’s stock valued at $566,088,000 after purchasing an additional 57,784 shares during the period. Morgan Stanley lifted its position in Pool by 175.9% in the third quarter. Morgan Stanley now owns 173,252 shares of the specialty retailer’s stock valued at $28,913,000 after buying an additional 110,457 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Pool by 16,320.5% in the third quarter. Rehmann Capital Advisory Group now owns 51,232 shares of the specialty retailer’s stock valued at $307,000 after buying an additional 50,920 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in Pool in the third quarter valued at about $100,000. Finally, Teachers Advisors LLC lifted its position in Pool by 4.7% in the third quarter. Teachers Advisors LLC now owns 52,542 shares of the specialty retailer’s stock valued at $8,768,000 after buying an additional 2,350 shares during the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.

Pool stock traded down $4.10 during mid-day trading on Friday, hitting $152.41. The company’s stock had a trading volume of 240,272 shares, compared to its average volume of 232,258. The company has a quick ratio of 1.18, a current ratio of 3.29 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $6.44 billion, a PE ratio of 38.20, a P/E/G ratio of 1.20 and a beta of 1.05. Pool has a 12 month low of $123.88 and a 12 month high of $175.87.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th were given a $0.45 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.18%. Pool’s payout ratio is presently 45.11%.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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