Pool (NASDAQ:POOL) Releases FY 2022 Earnings Guidance

Pool (NASDAQ:POOLGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $18.340-$19.090 for the period, compared to the Thomson Reuters consensus estimate of $17.660. The company issued revenue guidance of -.

Shares of Pool stock opened at $431.82 on Thursday. The business has a 50-day moving average of $445.06 and a 200-day moving average of $489.74. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.38 and a quick ratio of 0.58. The company has a market capitalization of $17.33 billion, a PE ratio of 27.02, a P/E/G ratio of 2.36 and a beta of 0.89. Pool has a 1-year low of $384.05 and a 1-year high of $582.27.

Pool (NASDAQ:POOLGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The specialty retailer reported $2.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.33. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $958.59 million. Pool had a return on equity of 70.81% and a net margin of 12.29%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the firm earned $1.45 earnings per share. On average, equities analysts expect that Pool will post 17.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were issued a dividend of $0.80 per share. The ex-dividend date was Wednesday, March 9th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.74%. Pool’s dividend payout ratio (DPR) is presently 20.03%.

POOL has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on Pool in a report on Monday, April 4th. They set a buy rating and a $485.00 price target on the stock. Longbow Research raised Pool from a neutral rating to a buy rating and set a $550.00 price target on the stock in a report on Tuesday. Zacks Investment Research lowered shares of Pool from a buy rating to a hold rating and set a $594.00 price objective on the stock. in a research note on Monday, January 3rd. Edward Jones began coverage on shares of Pool in a research note on Tuesday, April 12th. They set a hold rating on the stock. Finally, Jefferies Financial Group reiterated a hold rating and set a $550.00 price objective on shares of Pool in a research note on Thursday, December 30th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and an average target price of $551.30.

Institutional investors have recently bought and sold shares of the business. Monolith Advisors acquired a new position in Pool in the fourth quarter worth approximately $32,000. Penserra Capital Management LLC grew its position in Pool by 22.0% during the 4th quarter. Penserra Capital Management LLC now owns 172 shares of the specialty retailer’s stock worth $97,000 after purchasing an additional 31 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Pool by 35.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 499 shares of the specialty retailer’s stock worth $225,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in Pool during the 4th quarter worth approximately $634,000. Finally, NewEdge Advisors LLC purchased a new position in Pool during the 4th quarter worth approximately $643,000. Hedge funds and other institutional investors own 91.12% of the company’s stock.

About Pool (Get Rating)

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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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