Leslie’s, Inc. (NASDAQ:LESL) Expected to Post Earnings of $0.53 Per Share

Equities research analysts expect Leslie’s, Inc. (NASDAQ:LESL) to report earnings of $0.53 per share for the current quarter, according to Zacks. Four analysts have made estimates for Leslie’s’ earnings. The lowest EPS estimate is $0.48 and the highest is $0.56. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Leslie’s will report full-year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $0.81. For the next financial year, analysts expect that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.80 to $0.85. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Leslie’s.

Several research analysts have commented on LESL shares. Morgan Stanley boosted their target price on Leslie’s from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, May 7th. Robert W. Baird upped their price objective on shares of Leslie’s from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, May 6th. Piper Sandler raised their target price on shares of Leslie’s from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, May 6th. Guggenheim upgraded shares of Leslie’s from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, March 9th. Finally, Loop Capital raised their price objective on Leslie’s from $31.00 to $33.00 and gave the company a “hold” rating in a report on Friday, June 4th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.17.

Shares of LESL stock opened at $27.17 on Tuesday. The stock’s fifty day simple moving average is $27.62. The company has a market cap of $5.14 billion and a P/E ratio of 64.69. Leslie’s has a twelve month low of $19.15 and a twelve month high of $32.84.

In other news, Director Steven L. Ortega sold 119,587 shares of the stock in a transaction on Thursday, June 3rd. The shares were sold at an average price of $29.19, for a total transaction of $3,490,744.53. Also, insider Steven M. Weddell sold 103,543 shares of Leslie’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $25.82, for a total transaction of $2,673,480.26. Insiders sold 736,060 shares of company stock worth $21,136,651 over the last quarter.

Institutional investors have recently modified their holdings of the business. K.J. Harrison & Partners Inc acquired a new position in shares of Leslie’s in the 4th quarter valued at about $1,110,000. Brookfield Asset Management Inc. acquired a new position in Leslie’s in the fourth quarter valued at approximately $4,179,000. AMI Asset Management Corp boosted its holdings in shares of Leslie’s by 43.6% during the 1st quarter. AMI Asset Management Corp now owns 359,690 shares of the company’s stock worth $8,809,000 after buying an additional 109,289 shares in the last quarter. California Public Employees Retirement System bought a new stake in shares of Leslie’s in the 4th quarter valued at $2,412,000. Finally, Sei Investments Co. bought a new stake in shares of Leslie’s in the 4th quarter valued at $1,915,000. Hedge funds and other institutional investors own 79.65% of the company’s stock.

About Leslie’s

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services, which primarily consist of maintenance items, such as chemicals, equipment and parts, and cleaning and maintenance equipment, as well as safety, recreational, and fitness-related products.

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Earnings History and Estimates for Leslie`s (NASDAQ:LESL)

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