Pool (NASDAQ:POOL) Releases FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 11.060-11.460 for the period, compared to the consensus estimate of 11.610. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $10.85-11.25 EPS.

Wall Street Analyst Weigh In

Several analysts have recently commented on POOL shares. Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. The Goldman Sachs Group boosted their price objective on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer increased their target price on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $357.89.

Pool Stock Down 0.0 %

POOL opened at $350.68 on Thursday. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The firm has a market capitalization of $13.42 billion, a P/E ratio of 29.57, a PEG ratio of 2.72 and a beta of 1.01. The company’s 50-day moving average is $358.70 and its 200 day moving average is $353.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.89 EPS. Research analysts expect that Pool will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.37%. Pool’s dividend payout ratio (DPR) is presently 40.47%.

About Pool

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.