Pool (POOL) to Release Earnings on Thursday

Pool (NASDAQ:POOL) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Pool to post earnings of $1.86 per share for the quarter. Pool has set its FY 2024 guidance at 13.100-14.100 EPS and its FY24 guidance at $13.00 to $14.00 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Pool had a return on equity of 37.94% and a net margin of 9.44%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm posted $1.79 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. On average, analysts expect Pool to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Pool Trading Down 1.6 %

POOL opened at $364.15 on Thursday. Pool has a one year low of $307.77 and a one year high of $422.73. The stock has a market capitalization of $14.02 billion, a PE ratio of 27.34, a P/E/G ratio of 3.47 and a beta of 1.00. The business’s 50 day moving average price is $395.15 and its 200 day moving average price is $372.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio is presently 33.03%.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Loop Capital cut Pool from a “buy” rating to a “hold” rating and upped their price target for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. TheStreet cut Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer upped their price target on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $388.63.

Insider Activity

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Pool

Several large investors have recently bought and sold shares of the business. Cresset Asset Management LLC increased its holdings in Pool by 7.2% in the first quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock valued at $203,000 after buying an additional 32 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Pool by 0.6% in the first quarter. CIBC Asset Management Inc now owns 5,695 shares of the specialty retailer’s stock valued at $1,950,000 after buying an additional 33 shares during the last quarter. Clear Street Markets LLC increased its holdings in Pool by 94.9% in the first quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 37 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Pool by 6.6% in the first quarter. Belpointe Asset Management LLC now owns 771 shares of the specialty retailer’s stock valued at $264,000 after buying an additional 48 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Pool by 4.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,197 shares of the specialty retailer’s stock valued at $426,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Company Profile

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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.