Pool (NASDAQ:POOL) Releases Earnings Results, Beats Expectations By $0.04 EPS

Pool (NASDAQ:POOL) issued its earnings results on Thursday. The specialty retailer reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.36 by $0.04, Zacks reports. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Pool had a net margin of 7.40% and a return on equity of 32.74%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 earnings per share.

Pool Trading Up 8.8%

Shares of POOL traded up $15.22 during midday trading on Thursday, reaching $187.66. The company had a trading volume of 403,798 shares, compared to its average volume of 854,870. Pool has a 1-year low of $152.70 and a 1-year high of $303.40. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The firm has a 50 day simple moving average of $173.96 and a 200-day simple moving average of $190.83. The stock has a market cap of $6.82 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $1.30 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. Pool’s dividend payout ratio (DPR) is 47.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on POOL. Oppenheimer lowered their price target on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. DA Davidson started coverage on shares of Pool in a report on Monday, August 24th. They issued a “neutral” rating and a $210.00 price objective for the company. Bank of America decreased their target price on shares of Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a research note on Monday, July 20th. Longbow Research reissued a “neutral” rating on shares of Pool in a research note on Monday. Finally, Citigroup restated an “underperform” rating on shares of Pool in a report on Monday. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $226.70.

Pool Company Profile

Pool Corporation, doing business as POOLCORP, is a wholesale distributor of swimming pool and outdoor living products. The company supplies pool contractors, retailers, builders, and service professionals with products used to construct, renovate, maintain, and enhance residential and commercial pools.

Its product offerings include swimming pool equipment, pumps, filters, heaters, cleaners, lighting, chemicals, replacement parts, and maintenance supplies. POOLCORP also distributes products for outdoor living, including patio and recreational items, as well as irrigation and landscape-related supplies in selected markets.

Founded in 1993 and headquartered in Covington, Louisiana, POOLCORP serves customers through a network of distribution centers and sales operations in the United States, Canada, Europe, and Australia.