Pool Corp. (POOL) Scheduled to Post Quarterly Earnings on Thursday
Pool Corp. (NASDAQ:POOL) will be announcing its earnings results before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Pool Corp. has set its FY16 guidance at $3.30-3.45 EPS.
Pool Corp. (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.05. The firm had revenue of $918.90 million for the quarter, compared to the consensus estimate of $904.82 million. Pool Corp. had a return on equity of 57.51% and a net margin of 5.76%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 EPS. On average, analysts expect Pool Corp. to post $3.42 EPS for the current fiscal year and $3.8 EPS for the next fiscal year.
Shares of Pool Corp. (NASDAQ:POOL) opened at 93.46 on Tuesday. The company has a 50 day moving average price of $95.74 and a 200 day moving average price of $94.03. The stock has a market cap of $3.93 billion, a P/E ratio of 28.40 and a beta of 0.90. Pool Corp. has a 12-month low of $71.10 and a 12-month high of $102.86.
A number of equities research analysts recently weighed in on the company. Wedbush assumed coverage on Pool Corp. in a report on Wednesday, August 24th. They issued an “outperform” rating and a $115.00 price target on the stock. Zacks Investment Research upgraded Pool Corp. from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Friday, July 22nd. Finally, Johnson Rice cut Pool Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, July 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Pool Corp. has an average rating of “Buy” and an average target price of $97.80.
In other Pool Corp. news, Director Harlan F. Seymour sold 14,118 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $100.77, for a total transaction of $1,422,670.86. Following the sale, the director now owns 44,626 shares in the company, valued at approximately $4,496,962.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Hart Melanie Housey sold 2,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $102.31, for a total value of $204,620.00. Following the sale, the insider now owns 9,290 shares in the company, valued at approximately $950,459.90. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.
A number of large investors have recently made changes to their positions in POOL. KCG Holdings Inc. bought a new stake in shares of Pool Corp. during the second quarter worth approximately $203,000. Pacer Advisors Inc. bought a new stake in shares of Pool Corp. during the second quarter worth approximately $332,000. Zacks Investment Management bought a new stake in shares of Pool Corp. during the second quarter worth approximately $340,000. BlueMountain Capital Management LLC boosted its stake in shares of Pool Corp. by 164.8% in the second quarter. BlueMountain Capital Management LLC now owns 4,028 shares of the company’s stock worth $379,000 after buying an additional 2,507 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its stake in shares of Pool Corp. by 39.6% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,450 shares of the company’s stock worth $512,000 after buying an additional 1,547 shares during the period. Hedge funds and other institutional investors own 91.46% of the company’s stock.
About Pool Corp.
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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