Pool Co. (NASDAQ:POOL) Expected to Announce Earnings of $0.35 Per Share

Equities analysts predict that Pool Co. (NASDAQ:POOL) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Pool’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.36. Pool posted earnings per share of $0.41 during the same quarter last year, which indicates a negative year over year growth rate of 14.6%. The firm is scheduled to announce its next earnings results on Thursday, February 13th.

On average, analysts expect that Pool will report full-year earnings of $6.33 per share for the current fiscal year, with EPS estimates ranging from $6.31 to $6.35. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.65 per share, with EPS estimates ranging from $6.46 to $6.87. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Pool.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 17th. The specialty retailer reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. Pool had a net margin of 8.24% and a return on equity of 82.52%. The business had revenue of $898.50 million for the quarter, compared to the consensus estimate of $883.54 million. During the same period in the prior year, the firm earned $1.66 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis.

A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating and set a $228.00 price target for the company. in a report on Monday, October 21st. BidaskClub upgraded shares of Pool from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Sidoti downgraded shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 price target on the stock. in a report on Friday, August 23rd. ValuEngine downgraded shares of Pool from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Stephens raised their price target on shares of Pool from $187.00 to $196.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Pool has an average rating of “Hold” and an average price target of $217.25.

NASDAQ POOL opened at $210.64 on Monday. The stock has a 50-day simple moving average of $206.84 and a two-hundred day simple moving average of $195.67. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.98 and a current ratio of 2.68. The firm has a market capitalization of $8.43 billion, a P/E ratio of 37.48, a PEG ratio of 1.53 and a beta of 0.86. Pool has a fifty-two week low of $137.02 and a fifty-two week high of $228.19.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, November 13th. Pool’s payout ratio is 39.15%.

In other news, Vice Chairman De La Mesa Manuel J. Perez sold 15,274 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $211.53, for a total value of $3,230,909.22. Following the transaction, the insider now owns 63,038 shares in the company, valued at $13,334,428.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark W. Joslin sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $214.84, for a total value of $1,074,200.00. Following the sale, the chief financial officer now owns 120,920 shares of the company’s stock, valued at $25,978,452.80. The disclosure for this sale can be found here. Insiders have sold a total of 30,274 shares of company stock worth $6,456,309 in the last quarter. Insiders own 6.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. grew its position in shares of Pool by 9.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 6,022 shares of the specialty retailer’s stock valued at $994,000 after purchasing an additional 500 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Pool during the 2nd quarter valued at about $40,000. SG Americas Securities LLC grew its holdings in shares of Pool by 1,021.0% in the second quarter. SG Americas Securities LLC now owns 28,103 shares of the specialty retailer’s stock valued at $5,368,000 after purchasing an additional 25,596 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Pool by 25.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,809 shares of the specialty retailer’s stock valued at $346,000 after purchasing an additional 367 shares during the last quarter. Finally, Dupont Capital Management Corp grew its stake in shares of Pool by 6.0% in the 2nd quarter. Dupont Capital Management Corp now owns 3,556 shares of the specialty retailer’s stock valued at $679,000 after buying an additional 200 shares during the period. Institutional investors own 93.40% of the company’s stock.

About Pool

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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