Analysts Anticipate Pool Co. (NASDAQ:POOL) Will Announce Earnings of $7.40 Per Share

Brokerages expect that Pool Co. (NASDAQ:POOLGet Rating) will post $7.40 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Pool’s earnings, with the lowest EPS estimate coming in at $6.98 and the highest estimate coming in at $7.75. Pool reported earnings of $6.37 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Pool will report full-year earnings of $18.33 per share for the current financial year, with EPS estimates ranging from $17.09 to $19.30. For the next fiscal year, analysts forecast that the business will post earnings of $19.70 per share, with EPS estimates ranging from $18.32 to $21.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Pool.

Pool (NASDAQ:POOLGet Rating) last posted its earnings results on Thursday, April 21st. The specialty retailer reported $4.41 EPS for the quarter, topping the consensus estimate of $3.11 by $1.30. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.27 billion. Pool had a net margin of 12.95% and a return on equity of 69.76%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.42 earnings per share.

POOL has been the subject of several recent research reports. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, April 21st. Robert W. Baird decreased their target price on shares of Pool from $600.00 to $550.00 in a research report on Friday, April 22nd. Stifel Nicolaus started coverage on shares of Pool in a research report on Monday, April 4th. They issued a “buy” rating and a $485.00 target price for the company. StockNews.com started coverage on shares of Pool in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Edward Jones started coverage on shares of Pool in a research note on Tuesday, April 12th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $538.80.

A number of large investors have recently added to or reduced their stakes in POOL. Amundi Pioneer Asset Management Inc. raised its stake in Pool by 9.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 6,022 shares of the specialty retailer’s stock valued at $994,000 after purchasing an additional 500 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Pool by 0.8% in the third quarter. Daiwa Securities Group Inc. now owns 3,015 shares of the specialty retailer’s stock valued at $1,310,000 after acquiring an additional 24 shares during the last quarter. Truist Financial Corp raised its stake in shares of Pool by 25.4% in the third quarter. Truist Financial Corp now owns 22,443 shares of the specialty retailer’s stock valued at $9,749,000 after acquiring an additional 4,541 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Pool by 29.9% in the third quarter. Mackenzie Financial Corp now owns 2,849 shares of the specialty retailer’s stock valued at $1,238,000 after acquiring an additional 656 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Pool by 13.8% in the third quarter. Toronto Dominion Bank now owns 20,113 shares of the specialty retailer’s stock valued at $8,737,000 after acquiring an additional 2,435 shares during the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.

POOL stock traded down $6.26 during trading hours on Friday, hitting $394.30. The company’s stock had a trading volume of 447,370 shares, compared to its average volume of 390,334. The company has a quick ratio of 0.79, a current ratio of 2.50 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $15.80 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Pool has a 12 month low of $380.39 and a 12 month high of $582.27. The stock has a 50 day moving average price of $436.69 and a two-hundred day moving average price of $486.75.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 16th will be paid a dividend of $1.00 per share. This is a boost from Pool’s previous quarterly dividend of $0.80. This represents a $4.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, May 13th. Pool’s dividend payout ratio is presently 17.81%.

Pool Company Profile (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 and Estimates for Pool (NASDAQ:POOL)

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