Pentair (PNR) Updates FY 2019 Earnings Guidance

Pentair (NYSE:PNR) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.30-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.38. The company issued revenue guidance of $2.994751-3.024402 billion, compared to the consensus revenue estimate of $3.04 billion.Pentair also updated its Q2 2019 guidance to $0.63-0.66 EPS.

NYSE:PNR opened at $40.47 on Wednesday. Pentair has a twelve month low of $35.30 and a twelve month high of $72.96. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market cap of $6.85 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Pentair had a net margin of 9.92% and a return on equity of 18.86%. The firm had revenue of $740.50 million for the quarter, compared to analyst estimates of $735.74 million. During the same quarter in the previous year, the business posted $0.93 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Pentair will post 2.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. Pentair’s dividend payout ratio is currently 30.64%.

PNR has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on shares of Pentair from $47.00 to $43.00 and set a market perform rating on the stock in a report on Wednesday, April 10th. ValuEngine lowered shares of Pentair from a hold rating to a sell rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Pentair from a hold rating to a buy rating and set a $46.00 price objective on the stock in a report on Tuesday, February 5th. Oppenheimer reiterated a hold rating on shares of Pentair in a report on Tuesday, January 29th. Finally, Morgan Stanley initiated coverage on shares of Pentair in a report on Tuesday, December 18th. They issued an equal weight rating and a $41.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $45.90.

In other news, SVP Ademir Sarcevic sold 2,435 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.00, for a total value of $109,575.00. Following the sale, the senior vice president now owns 2,763 shares in the company, valued at approximately $124,335. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Karl R. Frykman sold 10,241 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $41.28, for a total transaction of $422,748.48. Following the sale, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,942 shares of company stock worth $543,730. Company insiders own 0.80% of the company’s stock.

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Pentair Company Profile

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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Earnings History and Estimates for Pentair (NYSE:PNR)

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