Pentair (NYSE:PNR) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.30-2.35 for the period, compared to the Thomson Reuters consensus 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.

PNR stock 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 debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.27. The stock has a market cap of $6.85 billion, a PE ratio of 17.22, a P/E/G ratio of 2.92 and a beta of 1.25.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. Pentair had a return on equity of 18.86% and a net margin of 9.92%. The firm had revenue of $740.50 million for the quarter, compared to analysts’ expectations of $735.74 million. During the same period in the previous year, the firm earned $0.93 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Pentair will post 2.33 earnings per share for the current fiscal year.

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

A number of research analysts recently commented on PNR shares. Zacks Investment Research raised Pentair from a hold rating to a buy rating and set a $43.00 price target on the stock in a report on Thursday, December 20th. ValuEngine raised Pentair from a sell rating to a hold rating in a report on Wednesday, March 20th. BMO Capital Markets lowered their price target on Pentair from $47.00 to $43.00 and set a market perform rating on the stock in a report on Wednesday, April 10th. Finally, Oppenheimer reissued a hold rating on shares of Pentair in a report on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $45.90.

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

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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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