Pentair (NYSE:PNR) Releases FY 2021 Earnings Guidance
Pentair (NYSE:PNR) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.800-2.950 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.740. The company issued revenue guidance of $3.20 billion-$3.35 billion, compared to the consensus revenue estimate of $3.19 billion.Pentair also updated its Q2 2021 guidance to 0.690-0.740 EPS.
Several equities research analysts have recently issued reports on PNR shares. Zacks Investment Research upgraded shares of Pentair from a hold rating to a buy rating and set a $68.00 target price for the company in a report on Tuesday, April 27th. Citigroup raised their price target on Pentair from $73.00 to $78.00 in a research note on Friday, April 23rd. Morgan Stanley increased their target price on Pentair from $64.00 to $69.00 and gave the stock an equal weight rating in a research note on Monday, April 26th. Oppenheimer boosted their target price on shares of Pentair from $57.00 to $64.00 and gave the company an outperform rating in a research note on Thursday, January 14th. Finally, Barclays raised their target price on shares of Pentair from $55.00 to $57.00 and gave the stock an underweight rating in a research report on Tuesday, April 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $59.27.
NYSE:PNR traded up $1.04 during midday trading on Tuesday, reaching $66.39. 11,621 shares of the stock traded hands, compared to its average volume of 1,080,808. The stock has a market capitalization of $11.03 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. Pentair has a 12-month low of $31.50 and a 12-month high of $65.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 1.18. The business has a 50-day moving average of $62.54 and a two-hundred day moving average of $56.15.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 23rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, April 22nd. Pentair’s dividend payout ratio is presently 33.61%.
Pentair plc provides various smart water solutions worldwide. It operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.
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