Pool Co. (NASDAQ:POOL) Expected to Post Q2 2024 Earnings of $5.96 Per Share

Pool Co. (NASDAQ:POOL) – Analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for shares of Pool in a research report issued to clients and investors on Tuesday, May 14th. Zacks Research analyst R. Department now anticipates that the specialty retailer will post earnings of $5.96 per share for the quarter, down from their prior forecast of $6.13. The consensus estimate for Pool’s current full-year earnings is $13.02 per share. Zacks Research also issued estimates for Pool’s Q3 2024 earnings at $3.84 EPS, Q4 2024 earnings at $1.55 EPS, FY2024 earnings at $13.20 EPS, Q1 2025 earnings at $2.04 EPS, Q2 2025 earnings at $6.43 EPS, Q4 2025 earnings at $1.65 EPS, FY2025 earnings at $14.34 EPS, Q1 2026 earnings at $2.03 EPS and FY2026 earnings at $15.96 EPS.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 earnings per share.

Several other analysts also recently commented on POOL. Stifel Nicolaus cut their target price on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Oppenheimer reduced their price target on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $391.80.

Pool Stock Up 1.5 %

NASDAQ:POOL opened at $383.07 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The firm has a market cap of $14.68 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.89 and a beta of 1.01. Pool has a fifty-two week low of $307.77 and a fifty-two week high of $422.73. The firm has a 50-day simple moving average of $386.56 and a two-hundred day simple moving average of $377.35.

Hedge Funds Weigh In On Pool

Large investors have recently added to or reduced their stakes in the company. Ascent Group LLC increased its stake in shares of Pool by 4.0% in the first quarter. Ascent Group LLC now owns 1,285 shares of the specialty retailer’s stock worth $518,000 after purchasing an additional 50 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in Pool by 58.6% during the first quarter. Epoch Investment Partners Inc. now owns 195,741 shares of the specialty retailer’s stock valued at $78,981,000 after acquiring an additional 72,322 shares during the period. LRI Investments LLC bought a new stake in Pool during the first quarter valued at about $243,000. First Commonwealth Financial Corp PA purchased a new position in shares of Pool in the first quarter valued at about $385,000. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Pool by 3.3% in the first quarter. Axxcess Wealth Management LLC now owns 1,710 shares of the specialty retailer’s stock worth $690,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a dividend of $1.20 per share. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, May 15th. Pool’s dividend payout ratio is currently 34.43%.

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.