Pool (NASDAQ:POOL) Issues Earnings Results

Pool (NASDAQ:POOL) released its quarterly earnings results on Thursday. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02), Briefing.com reports. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. Pool’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. Pool updated its FY 2024 guidance to 13.000-14.000 EPS and its FY24 guidance to $13.19-14.19 EPS.

Pool Trading Up 0.3 %

NASDAQ:POOL opened at $371.17 on Friday. The company has a current ratio of 1.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $14.29 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The firm’s 50 day moving average is $392.78 and its 200 day moving average is $373.76. Pool has a 12 month low of $307.77 and a 12 month high of $422.73.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.19%. Pool’s dividend payout ratio (DPR) is presently 34.43%.

Insider Buying and Selling

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on POOL shares. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price target on shares of Pool in a research note on Tuesday, March 5th. Loop Capital cut shares of Pool from a “buy” rating to a “hold” rating and lifted their target price for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Oppenheimer lifted their target price on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $397.80.

Pool Company Profile

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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.