Pentair (NYSE:PNR) Updates Q4 2024 Earnings Guidance

Pentair (NYSE:PNR) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.020-1.020 for the period, compared to the consensus earnings per share estimate of 1.020. The company issued revenue guidance of $965.0 million-$975.0 million, compared to the consensus revenue estimate of $989.2 million. Pentair also updated its FY 2024 guidance to 4.270-4.270 EPS.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PNR shares. Royal Bank of Canada raised their target price on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Northcoast Research cut Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. KeyCorp increased their target price on Pentair from $97.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Barclays boosted their price target on Pentair from $96.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Pentair has a consensus rating of “Moderate Buy” and an average price target of $95.93.

Pentair Stock Performance

NYSE:PNR opened at $99.83 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. Pentair has a fifty-two week low of $57.18 and a fifty-two week high of $99.95. The company has a 50 day simple moving average of $91.67 and a two-hundred day simple moving average of $84.53. The company has a market capitalization of $16.57 billion, a PE ratio of 26.16, a P/E/G ratio of 1.77 and a beta of 1.20.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company posted $1.03 earnings per share. Pentair’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts anticipate that Pentair will post 4.26 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.92%. Pentair’s payout ratio is currently 24.47%.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.