Pool Corporation (POOL) Releases FY17 Earnings Guidance
Pool Corporation (NASDAQ:POOL) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $3.80-4.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.87.
A number of research analysts have commented on the stock. Wedbush increased their price objective on shares of Pool Corporation from $109.00 to $120.00 and gave the company an outperform rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Pool Corporation from a hold rating to a buy rating and set a $117.00 price objective on the stock in a research note on Thursday, December 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $104.25.
Pool Corporation (NASDAQ:POOL) opened at 114.39 on Friday. Pool Corporation has a 52-week low of $79.26 and a 52-week high of $116.00. The stock has a 50 day moving average of $106.57 and a 200-day moving average of $100.42. The company has a market capitalization of $4.73 billion, a P/E ratio of 33.25 and a beta of 0.88.
Pool Corporation (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 16th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $445.20 million for the quarter, compared to analyst estimates of $437.06 million. Pool Corporation had a net margin of 5.86% and a return on equity of 59.21%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. On average, equities analysts forecast that Pool Corporation will post $3.45 earnings per share for the current year.
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About Pool Corporation
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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