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%.
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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