Pentair (NYSE:PNR) Issues FY 2019 Earnings Guidance

Pentair (NYSE:PNR) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.09-2.09 for the period. The company issued revenue guidance of $2.965-2.965 billion, compared to the consensus revenue estimate of $2.98 billion.Pentair also updated its Q4 guidance to $0.64-0.66 EPS.

Shares of PNR stock traded up $0.11 during mid-day trading on Thursday, hitting $41.58. The stock had a trading volume of 34,268 shares, compared to its average volume of 973,605. Pentair has a fifty-two week low of $34.50 and a fifty-two week high of $45.70. The firm has a market cap of $6.62 billion, a PE ratio of 17.70, a PEG ratio of 3.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.47 and a quick ratio of 0.91. The company’s 50-day simple moving average is $37.25 and its 200-day simple moving average is $37.35.

Pentair (NYSE:PNR) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Pentair had a net margin of 12.54% and a return on equity of 21.15%. The company had revenue of $713.60 million during the quarter, compared to analysts’ expectations of $719.07 million. During the same quarter last year, the business earned $0.54 EPS. The business’s revenue was up .3% on a year-over-year basis. On average, analysts expect that Pentair will post 2.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.73%. Pentair’s dividend payout ratio is presently 30.64%.

A number of brokerages have recently issued reports on PNR. Morgan Stanley increased their price target on shares of Pentair from $39.00 to $40.00 and gave the company an equal weight rating in a report on Wednesday, July 10th. ValuEngine upgraded shares of Pentair from a sell rating to a hold rating in a report on Thursday, August 1st. Jefferies Financial Group began coverage on shares of Pentair in a report on Friday, September 20th. They issued a hold rating for the company. Finally, Seaport Global Securities reiterated a buy rating on shares of Pentair in a report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Pentair has a consensus rating of Hold and an average target price of $45.17.

Pentair Company Profile

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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Earnings History and Estimates for Pentair (NYSE:PNR)

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