Pool (NASDAQ:POOL) Issues FY24 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $13.19-14.19 for the period, compared to the consensus EPS estimate of $13.27. Pool also updated its FY 2024 guidance to 13.000-14.000 EPS.

Pool Stock Performance

NASDAQ POOL opened at $377.39 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.36 and a quick ratio of 0.58. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 3.58 and a beta of 1.00. The company’s fifty day moving average is $393.60 and its two-hundred day moving average is $373.55. Pool has a 52-week low of $307.77 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. Pool had a net margin of 9.44% and a return on equity of 37.94%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business posted $1.79 EPS. The business’s quarterly revenue was down 8.5% on a year-over-year basis. Equities research analysts forecast that Pool will post 13.27 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.17%. Pool’s dividend payout ratio (DPR) is currently 33.03%.

Wall Street Analysts Forecast Growth

POOL has been the topic of several recent research reports. TheStreet lowered shares of Pool from a b rating to a c+ rating in a research report on Thursday, February 22nd. Stifel Nicolaus reiterated a hold rating and set a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. Oppenheimer lifted their target price on shares of Pool from $407.00 to $436.00 and gave the company an outperform rating in a research report on Thursday, March 28th. Finally, Loop Capital lowered shares of Pool from a buy rating to a hold rating and lifted their target price for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $397.80.

Insider Buying and Selling at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.