Pool Corporation (POOL) Announces Quarterly Earnings Results

Pool Corporation (NASDAQ:POOL) issued its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02, MarketWatch Earnings reports. Pool Corporation had a net margin of 6.19% and a return on equity of 69.28%. The firm had revenue of $743.40 million for the quarter. During the same period in the prior year, the company earned $1.03 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Pool Corporation updated its FY17 guidance to $4.01-4.11 EPS.

Shares of Pool Corporation (NASDAQ POOL) traded up 0.46% on Friday, hitting $121.13. 156,655 shares of the stock traded hands. The stock has a market cap of $4.99 billion, a PE ratio of 31.49 and a beta of 0.92. The stock has a 50 day moving average of $109.87 and a 200-day moving average of $113.94. Pool Corporation has a 1-year low of $90.51 and a 1-year high of $124.26.

In related news, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the completion of the sale, the chief executive officer now owns 61,708 shares in the company, valued at $7,450,006.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harlan F. Seymour sold 15,502 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $118.87, for a total value of $1,842,722.74. Following the sale, the director now owns 15,995 shares of the company’s stock, valued at approximately $1,901,325.65. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

A number of equities research analysts have commented on POOL shares. Zacks Investment Research lowered shares of Pool Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Johnson Rice raised shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. BidaskClub lowered shares of Pool Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Sidoti raised shares of Pool Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $119.00 to $131.00 in a report on Friday, September 15th. Finally, Robert W. Baird increased their price objective on shares of Pool Corporation from $125.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Pool Corporation presently has an average rating of “Buy” and an average target price of $127.25.

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Pool Corporation Company Profile

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

Earnings History for Pool Corporation (NASDAQ:POOL)

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