Pool (POOL) Scheduled to Post Quarterly Earnings on Thursday
Pool (NASDAQ:POOL) is set to issue its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Pool has set its FY19 guidance at $6.05-6.35 EPS.Parties interested in listening to the company’s conference call can do so using this link.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 14th. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). The business had revenue of $543.00 million during the quarter, compared to analyst estimates of $551.58 million. Pool had a net margin of 7.82% and a return on equity of 80.86%. Pool’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. On average, analysts expect Pool to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
NASDAQ POOL opened at $170.42 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 2.99 and a debt-to-equity ratio of 2.94. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. Pool has a 12-month low of $135.76 and a 12-month high of $175.87.
In other news, Vice Chairman De La Mesa Manuel J. Perez sold 50,400 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $160.51, for a total value of $8,089,704.00. Following the completion of the sale, the insider now directly owns 69,041 shares in the company, valued at $11,081,770.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Arthur D. Cook sold 1,900 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $158.37, for a total transaction of $300,903.00. Following the completion of the sale, the vice president now owns 77,492 shares of the company’s stock, valued at $12,272,408.04. The disclosure for this sale can be found here. Insiders sold 148,461 shares of company stock valued at $23,689,565 over the last 90 days. 6.00% of the stock is owned by corporate insiders.
POOL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, December 18th. BidaskClub cut shares of Pool from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. ValuEngine cut shares of Pool from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Robert W. Baird upgraded shares of Pool from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $160.00 to $177.00 in a research note on Friday, February 22nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pool currently has a consensus rating of “Buy” and a consensus target price of $160.25.
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; 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 landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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