Analysts forecast that Pool Co. (NASDAQ:POOL) will report $1.57 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Pool’s earnings. The lowest EPS estimate is $1.55 and the highest is $1.60. Pool posted earnings per share of $1.16 in the same quarter last year, which indicates a positive year over year growth rate of 35.3%. The firm is expected to report its next quarterly earnings report on Thursday, October 18th.
According to Zacks, analysts expect that Pool will report full-year earnings of $5.54 per share for the current year, with EPS estimates ranging from $5.50 to $5.60. For the next fiscal year, analysts anticipate that the business will report earnings of $6.04 per share, with EPS estimates ranging from $5.92 to $6.15. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Pool.
Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 19th. The specialty retailer reported $2.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.08). Pool had a return on equity of 82.52% and a net margin of 7.69%. The company had revenue of $1.06 billion during the quarter. During the same quarter in the previous year, the company earned $2.21 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis.
Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Pool from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Friday, July 6th. Robert W. Baird cut shares of Pool from an “outperform” rating to a “neutral” rating and set a $131.00 target price on the stock. in a research report on Tuesday, July 3rd. Berenberg Bank assumed coverage on shares of Pool in a research report on Wednesday, June 20th. They issued a “hold” rating and a $157.00 target price on the stock. Finally, ValuEngine raised shares of Pool from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $149.60.
Shares of POOL traded up $1.36 during mid-day trading on Friday, hitting $167.53. The company had a trading volume of 203,000 shares, compared to its average volume of 210,483. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.15 and a current ratio of 2.64. Pool has a 1-year low of $101.00 and a 1-year high of $168.96. The stock has a market capitalization of $6.63 billion, a PE ratio of 41.99 and a beta of 0.86.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Tuesday, August 14th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, August 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.07%. Pool’s dividend payout ratio is presently 45.11%.
In other Pool news, insider Arthur D. Cook sold 2,000 shares of Pool stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $161.00, for a total transaction of $322,000.00. Following the transaction, the insider now directly owns 55,357 shares of the company’s stock, valued at $8,912,477. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Arthur D. Cook sold 10,000 shares of Pool stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $164.11, for a total transaction of $1,641,100.00. Following the transaction, the insider now directly owns 65,357 shares in the company, valued at $10,725,737.27. The disclosure for this sale can be found here. Insiders sold 70,766 shares of company stock worth $11,473,167 over the last three months. Corporate insiders own 6.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in POOL. Summit Trail Advisors LLC lifted its position in Pool by 10,523.4% during the first quarter. Summit Trail Advisors LLC now owns 1,712,925 shares of the specialty retailer’s stock valued at $1,713,000 after buying an additional 1,696,801 shares in the last quarter. BlackRock Inc. lifted its position in Pool by 11.0% during the second quarter. BlackRock Inc. now owns 3,754,763 shares of the specialty retailer’s stock valued at $568,848,000 after buying an additional 370,948 shares in the last quarter. Wells Fargo & Company MN lifted its position in Pool by 26.4% during the second quarter. Wells Fargo & Company MN now owns 606,971 shares of the specialty retailer’s stock valued at $91,957,000 after buying an additional 126,832 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Pool by 17.4% during the second quarter. OppenheimerFunds Inc. now owns 650,811 shares of the specialty retailer’s stock valued at $98,598,000 after buying an additional 96,678 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Pool by 6.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,432,217 shares of the specialty retailer’s stock valued at $209,420,000 after buying an additional 90,278 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.
Pool Company Profile
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; 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 landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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