Pool (NASDAQ:POOL) Posts Quarterly Earnings Results, Beats Estimates By $1.00 EPS

Pool (NASDAQ:POOL) released its quarterly earnings results on Thursday. The specialty retailer reported $6.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.37 by $1.00, Fidelity Earnings reports. Pool had a net margin of 10.06% and a return on equity of 71.77%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company earned $3.72 EPS. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. Pool updated its FY 2021 guidance to $13.460-$13.960 EPS and its FY21 guidance to $13.46-13.96 EPS.

NASDAQ POOL opened at $450.52 on Friday. Pool has a 52 week low of $285.92 and a 52 week high of $478.67. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.64 and a current ratio of 1.80. The business’s fifty day moving average is $447.36. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 42.26 and a beta of 0.79.

The business also recently declared a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, May 14th. This is a positive change from Pool’s previous quarterly dividend of $0.58. Pool’s payout ratio is currently 38.00%.

In related news, General Counsel Jennifer M. Neil sold 1,795 shares of the business’s stock in a transaction dated Monday, May 24th. The shares were sold at an average price of $430.80, for a total value of $773,286.00. Following the sale, the general counsel now directly owns 12,794 shares in the company, valued at approximately $5,511,655.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Romain Kenneth G. St sold 12,500 shares of the business’s stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $413.17, for a total transaction of $5,164,625.00. Following the completion of the sale, the vice president now owns 96,487 shares in the company, valued at $39,865,533.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,711 shares of company stock worth $21,757,571. Insiders own 4.00% of the company’s stock.

A number of research firms recently issued reports on POOL. Loop Capital lifted their price target on shares of Pool from $470.00 to $485.00 and gave the company a “hold” rating in a research note on Friday. Robert W. Baird lifted their price target on shares of Pool from $465.00 to $490.00 and gave the company an “outperform” rating in a research note on Friday. Jefferies Financial Group reaffirmed a “hold” rating and set a $410.00 target price on shares of Pool in a research note on Wednesday, May 5th. KeyCorp lifted their target price on shares of Pool from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 8th. Finally, The Goldman Sachs Group began coverage on shares of Pool in a research note on Tuesday, May 18th. They set a “buy” rating and a $535.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $462.14.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Earnings History for Pool (NASDAQ:POOL)

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