Pool (NASDAQ:POOL) released its quarterly earnings results on Thursday. The specialty retailer reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.08, Briefing.com reports. Pool had a net margin of 7.69% and a return on equity of 82.52%. The business had revenue of $811.31 million for the quarter. During the same quarter in the prior year, the firm earned $1.16 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Pool updated its FY 2018 guidance to $5.58-5.78 EPS and its FY18 guidance to $5.58-5.78 EPS.
Pool stock opened at $142.34 on Friday. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 35.67, a P/E/G ratio of 1.10 and a beta of 0.84. The company has a current ratio of 2.64, a quick ratio of 1.15 and a debt-to-equity ratio of 2.03. Pool has a twelve month low of $110.25 and a twelve month high of $175.87.
POOL has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Pool from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Friday, July 6th. Jefferies Financial Group initiated coverage on shares of Pool in a report on Friday, October 12th. They set a “hold” rating and a $145.00 price target on the stock. Finally, Robert W. Baird lowered shares of Pool from an “outperform” rating to a “neutral” rating and set a $131.00 price target on the stock. in a report on Tuesday, July 3rd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Pool presently has a consensus rating of “Hold” and an average target price of $151.80.
In other Pool news, insider Mark W. Joslin sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $162.28, for a total value of $2,109,640.00. Following the transaction, the insider now owns 131,228 shares in the company, valued at approximately $21,295,679.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO De La Mesa Manuel J. Perez sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $161.52, for a total transaction of $6,460,800.00. Following the completion of the transaction, the chief executive officer now owns 60,258 shares in the company, valued at approximately $9,732,872.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,766 shares of company stock worth $11,473,167. Company insiders own 6.00% of the company’s stock.
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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