$556.24 Million in Sales Expected for Pool Co. (POOL) This Quarter
Analysts forecast that Pool Co. (NASDAQ:POOL) will report $556.24 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Pool’s earnings. The highest sales estimate is $560.00 million and the lowest is $553.02 million. Pool posted sales of $510.18 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The firm is scheduled to issue its next earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Pool will report full-year sales of $3.01 billion for the current fiscal year, with estimates ranging from $3.01 billion to $3.02 billion. For the next financial year, analysts expect that the company will post sales of $3.26 billion, with estimates ranging from $3.24 billion to $3.31 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Pool.
Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $811.31 million during the quarter. Pool had a net margin of 8.21% and a return on equity of 78.04%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share.
In other news, Director Robert C. Sledd sold 5,766 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $162.96, for a total transaction of $939,627.36. Following the sale, the director now owns 23,246 shares in the company, valued at $3,788,168.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arthur D. Cook sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $164.11, for a total transaction of $1,641,100.00. Following the sale, the insider now owns 65,357 shares in the company, valued at approximately $10,725,737.27. The disclosure for this sale can be found here. Insiders sold a total of 30,766 shares of company stock worth $5,012,367 over the last quarter. Insiders own 6.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in POOL. Royal Bank of Canada raised its holdings in shares of Pool by 7.1% during the first quarter. Royal Bank of Canada now owns 20,764 shares of the specialty retailer’s stock valued at $3,036,000 after acquiring an additional 1,369 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Pool by 2.5% during the first quarter. Principal Financial Group Inc. now owns 205,748 shares of the specialty retailer’s stock valued at $30,085,000 after acquiring an additional 4,922 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Pool by 32.3% during the second quarter. State of Alaska Department of Revenue now owns 4,750 shares of the specialty retailer’s stock valued at $719,000 after acquiring an additional 1,160 shares during the period. Amalgamated Bank raised its holdings in shares of Pool by 9.7% during the second quarter. Amalgamated Bank now owns 9,607 shares of the specialty retailer’s stock valued at $1,455,000 after acquiring an additional 853 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Pool by 20.5% during the second quarter. Nisa Investment Advisors LLC now owns 17,650 shares of the specialty retailer’s stock valued at $2,674,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 94.79% of the company’s stock.
Shares of NASDAQ:POOL traded down $1.59 during trading on Friday, reaching $150.81. The company had a trading volume of 11,989 shares, compared to its average volume of 330,321. The firm has a market cap of $6.22 billion, a P/E ratio of 37.62, a P/E/G ratio of 1.16 and a beta of 1.03. Pool has a twelve month low of $119.14 and a twelve month high of $175.87. The company has a current ratio of 3.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.53.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, November 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. Pool’s payout ratio 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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