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%.
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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