Zacks: Analysts Expect Pool Co. (POOL) Will Announce Quarterly Sales of $1.05 Billion

Wall Street analysts forecast that Pool Co. (NASDAQ:POOL) will report $1.05 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pool’s earnings. The highest sales estimate is $1.06 billion and the lowest is $1.05 billion. Pool reported sales of $988.16 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The firm is scheduled to report its next earnings results on Thursday, July 19th.

According to Zacks, analysts expect that Pool will report full year sales of $3.00 billion for the current year. For the next fiscal year, analysts anticipate that the business will report sales of $3.21 billion per share, with estimates ranging from $3.19 billion to $3.23 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Pool.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 19th. The specialty retailer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $585.90 million for the quarter. Pool had a net margin of 7.10% and a return on equity of 74.42%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share.

A number of equities analysts have recently commented on the stock. Berenberg Bank assumed coverage on shares of Pool in a report on Wednesday, June 20th. They set a “hold” rating and a $157.00 price objective for the company. BidaskClub raised shares of Pool from a “buy” rating to a “strong-buy” rating in a report on Friday, June 22nd. ValuEngine raised shares of Pool from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Finally, Zacks Investment Research downgraded shares of Pool from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $154.00.

In other Pool news, insider Hart Melanie Housey sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $147.95, for a total value of $517,825.00. Following the completion of the sale, the insider now owns 12,215 shares in the company, valued at approximately $1,807,209.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Jennifer M. Neil sold 6,012 shares of the firm’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $137.08, for a total transaction of $824,124.96. Following the completion of the sale, the general counsel now owns 20,100 shares of the company’s stock, valued at approximately $2,755,308. The disclosure for this sale can be found here. Insiders have sold a total of 32,512 shares of company stock valued at $4,776,350 over the last three months. 6.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of POOL. Tower Research Capital LLC TRC acquired a new stake in shares of Pool during the 4th quarter worth approximately $144,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Pool by 42.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,446 shares of the specialty retailer’s stock worth $188,000 after buying an additional 434 shares during the period. Bank of Hawaii acquired a new stake in shares of Pool during the 1st quarter worth approximately $201,000. Northwest Bancshares Inc. acquired a new stake in shares of Pool during the 1st quarter worth approximately $209,000. Finally, Commerce Bank acquired a new stake in shares of Pool during the 1st quarter worth approximately $219,000. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Shares of Pool traded up $1.01, reaching $155.72, during midday trading on Friday, Marketbeat reports. 4,783 shares of the company’s stock were exchanged, compared to its average volume of 191,231. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 38.77 and a beta of 0.81. Pool has a 12 month low of $97.25 and a 12 month high of $157.52. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.65 and a current ratio of 1.97.

Pool declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the specialty retailer to purchase up to 3.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were issued a dividend of $0.45 per share. This is an increase from Pool’s previous quarterly dividend of $0.37. This represents a $1.80 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 17th. Pool’s dividend payout ratio (DPR) is currently 45.11%.

About Pool

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.

Get a free copy of the Zacks research report on Pool (POOL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply