Zacks: Analysts Anticipate Pool Co. (NASDAQ:POOL) to Announce $5.24 EPS
Analysts forecast that Pool Co. (NASDAQ:POOL) will announce earnings per share of $5.24 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Pool’s earnings, with the lowest EPS estimate coming in at $4.84 and the highest estimate coming in at $5.44. Pool posted earnings per share of $3.87 in the same quarter last year, which would indicate a positive year over year growth rate of 35.4%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 22nd.
According to Zacks, analysts expect that Pool will report full-year earnings of $10.94 per share for the current financial year, with EPS estimates ranging from $9.15 to $12.65. For the next financial year, analysts expect that the company will report earnings of $12.05 per share, with EPS estimates ranging from $10.09 to $13.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Pool.
Pool (NASDAQ:POOL) last posted its quarterly earnings results on Wednesday, April 21st. The specialty retailer reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.15 by $1.27. Pool had a net margin of 8.85% and a return on equity of 70.48%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $825.73 million. During the same quarter in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 56.6% on a year-over-year basis.
Shares of POOL stock traded up $2.29 during trading hours on Tuesday, hitting $431.15. The company had a trading volume of 232,873 shares, compared to its average volume of 350,516. The company’s fifty day moving average is $369.64 and its 200 day moving average is $355.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.21 and a quick ratio of 0.94. Pool has a fifty-two week low of $212.63 and a fifty-two week high of $431.46. The stock has a market capitalization of $17.31 billion, a PE ratio of 54.03 and a beta of 0.72.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, March 10th. Pool’s dividend payout ratio (DPR) is 39.79%.
In other news, VP Romain Kenneth G. St sold 12,500 shares of Pool stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $413.17, for a total value of $5,164,625.00. Following the sale, the vice president now owns 96,487 shares of the company’s stock, valued at $39,865,533.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter D. Arvan bought 500 shares of the stock in a transaction dated Friday, March 5th. The stock was purchased at an average cost of $316.03 per share, for a total transaction of $158,015.00. Following the acquisition, the chief executive officer now owns 59,683 shares of the company’s stock, valued at $18,861,618.49. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Pool by 3.5% in the fourth quarter. BlackRock Inc. now owns 3,917,702 shares of the specialty retailer’s stock valued at $1,459,345,000 after purchasing an additional 133,509 shares during the period. Select Equity Group L.P. lifted its stake in shares of Pool by 37.1% in the fourth quarter. Select Equity Group L.P. now owns 887,217 shares of the specialty retailer’s stock valued at $330,488,000 after purchasing an additional 239,926 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Pool by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 568,474 shares of the specialty retailer’s stock valued at $211,757,000 after purchasing an additional 3,821 shares during the period. Northern Trust Corp raised its position in Pool by 26.2% during the fourth quarter. Northern Trust Corp now owns 478,769 shares of the specialty retailer’s stock worth $178,342,000 after acquiring an additional 99,424 shares during the last quarter. Finally, Swedbank raised its position in Pool by 18.3% during the fourth quarter. Swedbank now owns 424,697 shares of the specialty retailer’s stock worth $155,983,000 after acquiring an additional 65,697 shares during the last quarter. Hedge funds and other institutional investors own 90.62% of the company’s stock.
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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