Pentair (NYSE:PNR) Releases Earnings Results, Beats Expectations By $0.20 EPS

Pentair (NYSE:PNR) issued its quarterly earnings data on Thursday. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.20, MarketWatch Earnings reports. Pentair had a net margin of 11.87% and a return on equity of 21.27%. The business had revenue of $865.90 million during the quarter, compared to analysts’ expectations of $773.01 million. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s revenue was up 22.0% on a year-over-year basis. Pentair updated its Q2 guidance to $0.65-0.75 EPS and its FY21 guidance to $2.80-2.95 EPS.

NYSE:PNR traded up $0.30 during mid-day trading on Thursday, hitting $64.67. 63,796 shares of the company’s stock were exchanged, compared to its average volume of 1,061,175. The company has a 50 day simple moving average of $61.14 and a 200-day simple moving average of $55.20. The company has a current ratio of 1.18, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Pentair has a fifty-two week low of $29.25 and a fifty-two week high of $64.72. The firm has a market capitalization of $10.74 billion, a P/E ratio of 31.01, a PEG ratio of 2.64 and a beta of 1.19.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 22nd. This represents a $0.80 annualized dividend and a yield of 1.24%. Pentair’s dividend payout ratio is presently 33.61%.

Several brokerages have weighed in on PNR. UBS Group lifted their price objective on shares of Pentair from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, January 15th. Morgan Stanley lifted their price objective on shares of Pentair from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday. Oppenheimer raised their target price on shares of Pentair from $57.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, January 14th. Finally, Barclays raised their target price on shares of Pentair from $55.00 to $57.00 and gave the company an “underweight” rating in a report on Tuesday, April 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $53.71.

Pentair Company Profile

Pentair plc provides various smart water solutions worldwide. It operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. The Consumer Solutions segment designs, 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, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

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Earnings History for Pentair (NYSE:PNR)

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