Zacks: Brokerages Anticipate Pentair PLC. (NYSE:PNR) to Post $1.00 EPS
Equities analysts predict that Pentair PLC. (NYSE:PNR) will announce $1.00 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Pentair PLC.’s earnings, with estimates ranging from $0.98 to $1.04. Pentair PLC. posted earnings of $1.11 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9.9%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, July 25th.
According to Zacks, analysts expect that Pentair PLC. will report full-year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.59. For the next year, analysts expect that the business will post earnings of $3.93 per share, with EPS estimates ranging from $3.75 to $4.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Pentair PLC..
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Pentair PLC. had a return on equity of 14.19% and a net margin of 9.46%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS.
PNR has been the topic of a number of recent research reports. BMO Capital Markets restated a “hold” rating and issued a $61.00 price objective on shares of Pentair PLC. in a research note on Wednesday, April 26th. Royal Bank Of Canada restated a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, June 6th. KeyCorp upgraded shares of Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 target price on the stock in a research report on Wednesday, May 17th. Finally, Wolfe Research initiated coverage on shares of Pentair PLC. in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $66.85.
In related news, VP Angela D. Jilek sold 1,367 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $65.00, for a total transaction of $88,855.00. Following the completion of the sale, the vice president now directly owns 33,262 shares in the company, valued at $2,162,030. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David A. /Wi Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $67.68, for a total transaction of $676,800.00. Following the sale, the director now owns 20,804 shares of the company’s stock, valued at $1,408,014.72. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,726,000 shares of company stock worth $112,619,140 and sold 356,353 shares worth $23,432,170. Company insiders own 9.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of PNR. Fox Run Management L.L.C. acquired a new stake in Pentair PLC. during the first quarter worth about $257,000. Private Trust Co. NA acquired a new stake in Pentair PLC. during the first quarter worth about $831,000. Regentatlantic Capital LLC boosted its stake in Pentair PLC. by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 5,587 shares of the industrial products company’s stock worth $351,000 after buying an additional 15 shares during the period. Trust Co boosted its stake in Pentair PLC. by 0.6% in the fourth quarter. Trust Co now owns 19,606 shares of the industrial products company’s stock worth $1,099,000 after buying an additional 120 shares during the period. Finally, Catawba Capital Management VA boosted its stake in Pentair PLC. by 41.0% in the first quarter. Catawba Capital Management VA now owns 28,420 shares of the industrial products company’s stock worth $1,784,000 after buying an additional 8,265 shares during the period. Hedge funds and other institutional investors own 86.37% of the company’s stock.
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Shares of Pentair PLC. (NYSE:PNR) traded down 0.55% during midday trading on Wednesday, reaching $64.77. The company’s stock had a trading volume of 865,826 shares. The company has a 50 day moving average of $66.07 and a 200-day moving average of $62.70. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 23.58 and a beta of 1.40.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 21st will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, July 19th. Pentair PLC.’s dividend payout ratio (DPR) is currently 50.37%.
Pentair PLC. Company Profile
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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