Pentair (NYSE:PNR) Issues Q2 Earnings Guidance

Pentair (NYSE:PNR) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.15-1.17 for the period, compared to the consensus EPS estimate of $1.16. Pentair also updated its FY24 guidance to $4.15-4.25 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Mizuho upped their price target on Pentair from $82.00 to $100.00 and gave the stock a buy rating in a report on Thursday, March 7th. The Goldman Sachs Group restated a neutral rating and issued a $91.00 price objective on shares of Pentair in a research note on Friday, March 22nd. Bank of America upgraded Pentair from an underperform rating to a neutral rating and upped their price objective for the company from $46.00 to $76.00 in a research note on Thursday, January 11th. Barclays upped their price objective on Pentair from $92.00 to $95.00 and gave the company an overweight rating in a research note on Wednesday. Finally, KeyCorp lifted their target price on Pentair from $82.00 to $92.00 and gave the company an overweight rating in a report on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $89.93.

Pentair Trading Up 0.3 %

NYSE:PNR opened at $79.20 on Friday. The company has a current ratio of 1.90, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $80.27 and a 200-day moving average price of $71.84. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.50 and a beta of 1.20. Pentair has a 12 month low of $52.28 and a 12 month high of $85.81.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Equities analysts predict that Pentair will post 4.21 EPS for the current year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, April 18th. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.