Pool (NASDAQ:POOL) Releases FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 13.000-14.000 for the period, compared to the consensus estimate of 13.270. The company issued revenue guidance of -.

Pool Stock Performance

Shares of 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 stock’s fifty day moving average price is $393.60 and its two-hundred day moving average price is $373.55. Pool has a one year low of $307.77 and a one year high of $422.73. The firm has a market cap 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.

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

Pool Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.17%. Pool’s payout ratio is 33.03%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Loop Capital downgraded Pool from a buy rating to a hold rating and upped their price objective for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Stifel Nicolaus restated a hold rating and set a $370.00 price objective on shares of Pool in a research report on Tuesday, March 5th. Oppenheimer upped their price objective on Pool from $407.00 to $436.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Finally, TheStreet downgraded Pool from a b rating to a c+ rating in a research report on Thursday, February 22nd. Five 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 has a consensus rating of Hold and an average target price of $397.80.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

About Pool

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.