Wall Street brokerages forecast that Pool Co. (NASDAQ:POOL) will post earnings per share (EPS) of $0.77 for the current quarter, according to Zacks. Four analysts have provided estimates for Pool’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.82. Pool posted earnings of $0.44 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 75%. The firm is expected to issue its next quarterly earnings results on Thursday, February 11th.
On average, analysts expect that Pool will report full-year earnings of $8.44 per share for the current year, with EPS estimates ranging from $8.38 to $8.50. For the next financial year, analysts expect that the business will post earnings of $9.11 per share, with EPS estimates ranging from $9.00 to $9.25. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Pool.
Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $2.71 EPS for the quarter, beating the consensus estimate of $2.14 by $0.57. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $992.20 million. Pool had a return on equity of 69.72% and a net margin of 8.32%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 earnings per share.
Several research analysts have weighed in on the company. Sidoti boosted their price target on Pool from $307.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. BidaskClub upgraded Pool from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Stephens initiated coverage on Pool in a report on Wednesday, November 11th. They issued an “equal weight” rating for the company. KeyCorp upped their price objective on shares of Pool from $335.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Pool from a “buy” rating to a “hold” rating and set a $326.00 price target on the stock. in a research report on Friday, September 25th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Pool has an average rating of “Buy” and a consensus price target of $290.50.
In other Pool news, General Counsel Jennifer M. Neil sold 609 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $374.04, for a total value of $227,790.36. Following the completion of the sale, the general counsel now owns 14,442 shares in the company, valued at approximately $5,401,885.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 1,295 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $330.15, for a total transaction of $427,544.25. Following the transaction, the insider now owns 61,637 shares in the company, valued at $20,349,455.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,571 shares of company stock valued at $23,178,202. Company insiders own 4.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of POOL. Smithfield Trust Co. grew its position in shares of Pool by 166.7% in the third quarter. Smithfield Trust Co. now owns 80 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. Braun Bostich & Associates Inc. bought a new stake in shares of Pool in the third quarter valued at about $59,000. Picton Mahoney Asset Management bought a new stake in shares of Pool in the second quarter valued at about $54,000. Canton Hathaway LLC bought a new stake in shares of Pool in the third quarter valued at about $82,000. Finally, KBC Group NV bought a new stake in shares of Pool in the third quarter valued at about $85,000. 94.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:POOL traded down $5.29 during trading on Tuesday, hitting $335.51. 8,541 shares of the stock were exchanged, compared to its average volume of 344,078. Pool has a 12-month low of $160.35 and a 12-month high of $391.49. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average price of $349.51 and a two-hundred day moving average price of $298.35. The company has a market cap of $13.69 billion, a PE ratio of 48.10 and a beta of 0.86.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.58 per share. The ex-dividend date is Tuesday, November 10th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.69%. Pool’s dividend payout ratio is 39.79%.
Pool Company Profile
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; fiberglass pools, and spas and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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