Pentair (NYSE:PNR) Releases FY21 Earnings Guidance

Pentair (NYSE:PNR) issued an update on its FY21 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.10-3.20 for the period, compared to the Thomson Reuters consensus estimate of $2.99. The company issued revenue guidance of +17-19% to $3.53-3.59 billion, compared to the consensus revenue estimate of $3.35 billion.Pentair also updated its FY 2021 guidance to $3.100-3.200 EPS.

NYSE:PNR opened at $67.29 on Friday. The stock has a market capitalization of $11.18 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.99 and a beta of 1.18. The stock’s fifty day moving average is $66.15. Pentair has a 1 year low of $35.61 and a 1 year high of $70.76. The company has a current ratio of 1.47, a quick ratio of 0.95 and a debt-to-equity ratio of 0.43.

Pentair (NYSE:PNR) last released its quarterly earnings results on Thursday, April 22nd. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.20. The firm had revenue of $865.90 million for the quarter, compared to analysts’ expectations of $773.01 million. Pentair had a net margin of 13.06% and a return on equity of 22.54%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Equities analysts forecast that Pentair will post 3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 6th. Stockholders of record on Friday, July 23rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, July 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. Pentair’s payout ratio is currently 32.00%.

Several research firms have recently weighed in on PNR. Barclays upped their price target on shares of Pentair from $55.00 to $57.00 and gave the stock an underweight rating in a report on Tuesday, April 6th. Citigroup increased their target price on Pentair from $73.00 to $78.00 in a research note on Friday, April 23rd. Zacks Investment Research raised Pentair from a hold rating to a buy rating and set a $68.00 target price on the stock in a research note on Tuesday, April 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Pentair from $73.00 to $78.00 in a research note on Friday, April 23rd. Finally, Morgan Stanley cut Pentair from an equal weight rating to an underweight rating and reduced their target price for the company from $69.00 to $63.00 in a research note on Friday, June 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $58.87.

In other news, EVP John H. Jacko sold 30,979 shares of the stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $69.51, for a total transaction of $2,153,350.29. Following the completion of the sale, the executive vice president now directly owns 10,790 shares in the company, valued at $750,012.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Pentair Company Profile

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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Earnings History and Estimates for Pentair (NYSE:PNR)

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