Pool (POOL) Posts Earnings Results, Misses Estimates By $0.05 EPS

Pool (NASDAQ:POOL) posted its quarterly earnings results on Thursday. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05), MarketWatch Earnings reports. The firm had revenue of $597.50 million for the quarter, compared to the consensus estimate of $608.36 million. Pool had a return on equity of 80.86% and a net margin of 7.82%. Pool’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Pool updated its FY19 guidance to $6.09-6.39 EPS.

Pool stock traded up $8.73 during midday trading on Friday, reaching $177.89. The company’s stock had a trading volume of 448,541 shares, compared to its average volume of 231,899. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.79 and a current ratio of 2.99. Pool has a 52-week low of $135.76 and a 52-week high of $178.73. The stock has a market cap of $7.01 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.17 and a beta of 0.92.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is presently 32.03%.

POOL has been the subject of a number of analyst reports. Zacks Investment Research upgraded Pool from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research note on Monday, January 7th. BidaskClub cut Pool from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. ValuEngine cut Pool from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Robert W. Baird upgraded Pool from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $160.00 to $177.00 in a research note on Friday, February 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $167.50.

In other Pool news, Vice Chairman De La Mesa Manuel J. Perez sold 2,851 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $161.02, for a total value of $459,068.02. Following the completion of the sale, the insider now directly owns 66,202 shares in the company, valued at $10,659,846.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Romain Kenneth G. St sold 23,068 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $158.39, for a total value of $3,653,740.52. Following the completion of the sale, the insider now owns 105,068 shares of the company’s stock, valued at $16,641,720.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,461 shares of company stock valued at $23,689,565. 6.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in POOL. Norges Bank purchased a new stake in Pool in the fourth quarter valued at about $39,050,000. Handelsbanken Fonder AB raised its stake in Pool by 53.7% in the fourth quarter. Handelsbanken Fonder AB now owns 707,103 shares of the specialty retailer’s stock valued at $105,111,000 after buying an additional 247,103 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in shares of Pool by 18.8% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 912,826 shares of the specialty retailer’s stock worth $135,692,000 after purchasing an additional 144,724 shares during the last quarter. Morgan Stanley raised its stake in shares of Pool by 175.9% in the third quarter. Morgan Stanley now owns 173,252 shares of the specialty retailer’s stock worth $28,913,000 after purchasing an additional 110,457 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Pool by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 2,183,091 shares of the specialty retailer’s stock worth $364,314,000 after purchasing an additional 76,594 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

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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.

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Earnings History for Pool (NASDAQ:POOL)

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