Pool (NASDAQ:POOL) Releases Earnings Results, Beats Estimates By $1.30 EPS

Pool (NASDAQ:POOLGet Rating) posted its quarterly earnings results on Thursday. The specialty retailer reported $4.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.11 by $1.30, Briefing.com reports. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.27 billion. Pool had a return on equity of 70.81% and a net margin of 12.29%. The business’s revenue was up 33.2% compared to the same quarter last year. During the same period last year, the company earned $2.42 earnings per share. Pool updated its FY 2022 guidance to $18.340-$19.090 EPS and its FY22 guidance to $18.34-19.09 EPS.

POOL stock traded up $0.55 during trading on Friday, reaching $427.74. The company’s stock had a trading volume of 5,899 shares, compared to its average volume of 375,179. Pool has a 1 year low of $401.51 and a 1 year high of $582.27. The company has a quick ratio of 0.58, a current ratio of 2.38 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $17.16 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The company’s fifty day moving average is $444.67 and its 200-day moving average is $489.68.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were paid a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $3.20 annualized dividend and a dividend yield of 0.75%. Pool’s dividend payout ratio (DPR) is 20.03%.

Several analysts recently weighed in on the company. Loop Capital lifted their price target on Pool from $455.00 to $465.00 and gave the stock a “hold” rating in a report on Friday. Robert W. Baird lowered their price target on Pool from $600.00 to $550.00 in a report on Friday. Edward Jones assumed coverage on Pool in a research report on Tuesday, April 12th. They set a “hold” rating on the stock. Longbow Research upgraded Pool from a “neutral” rating to a “buy” rating and set a $550.00 target price on the stock in a research report on Tuesday. Finally, Berenberg Bank restated a “buy” rating and set a $519.00 target price on shares of Pool in a research report on Tuesday, March 8th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $538.80.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Monolith Advisors bought a new position in shares of Pool in the 4th quarter valued at about $32,000. Penserra Capital Management LLC increased its holdings in Pool by 22.0% during the fourth quarter. Penserra Capital Management LLC now owns 172 shares of the specialty retailer’s stock valued at $97,000 after buying an additional 31 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Pool by 35.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 499 shares of the specialty retailer’s stock valued at $225,000 after acquiring an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Pool in the fourth quarter valued at approximately $634,000. Finally, NewEdge Advisors LLC acquired a new stake in Pool in the fourth quarter valued at approximately $643,000. 91.12% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for Pool (NASDAQ:POOL)

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