Zacks: Analysts Expect Pentair PLC (PNR) Will Post Earnings of $0.59 Per Share

Wall Street brokerages forecast that Pentair PLC (NYSE:PNR) will post earnings per share of $0.59 for the current quarter, according to Zacks. Six analysts have made estimates for Pentair’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.57. Pentair posted earnings per share of $0.93 in the same quarter last year, which suggests a negative year-over-year growth rate of 36.6%. The company is scheduled to announce its next quarterly earnings results on Tuesday, January 29th.

On average, analysts expect that Pentair will report full-year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.34. For the next financial year, analysts expect that the firm will report earnings of $2.55 per share, with EPS estimates ranging from $2.48 to $2.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Pentair.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $711.40 million during the quarter, compared to analysts’ expectations of $698.88 million. Pentair had a return on equity of 15.19% and a net margin of 10.12%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS.



Several equities research analysts have recently weighed in on PNR shares. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, July 30th. Seaport Global Securities reiterated a “buy” rating and set a $48.00 target price on shares of Pentair in a research note on Friday, July 27th. Stifel Nicolaus upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday. Royal Bank of Canada reaffirmed a “hold” rating and set a $48.00 price objective on shares of Pentair in a research report on Friday, July 13th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $44.00 price target on shares of Pentair in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Pentair currently has a consensus rating of “Hold” and a consensus target price of $56.00.

Shares of PNR opened at $38.84 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.40 and a quick ratio of 0.89. The company has a market capitalization of $6.67 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.65 and a beta of 1.34. Pentair has a 52-week low of $36.06 and a 52-week high of $50.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 19th will be issued a $0.175 dividend. The ex-dividend date is Thursday, October 18th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.80%. Pentair’s dividend payout ratio (DPR) is 19.83%.

In other Pentair news, Director Glynis Bryan sold 17,133 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $770,985.00. Following the completion of the transaction, the director now directly owns 35,115 shares in the company, valued at approximately $1,580,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,700,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $42.15, for a total value of $71,655,000.00. Following the completion of the transaction, the director now owns 2,862 shares of the company’s stock, valued at $120,633.30. The disclosure for this sale can be found here. Insiders own 10.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fort L.P. acquired a new stake in shares of Pentair during the 2nd quarter valued at $118,000. Alps Advisors Inc. purchased a new stake in shares of Pentair in the 2nd quarter valued at approximately $205,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Pentair in the 3rd quarter valued at approximately $142,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Pentair in the 2nd quarter valued at approximately $146,000. Finally, Marshwinds Advisory Co. purchased a new stake in shares of Pentair in the 3rd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 86.55% of the company’s stock.

Pentair Company Profile

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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