Leslie’s (NASDAQ:LESL) Updates FY 2022 Earnings Guidance

Leslie’s (NASDAQ:LESLGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.02-$1.10 for the period, compared to the consensus estimate of $1.00. The company issued revenue guidance of $1.57 billion-$1.61 billion, compared to the consensus revenue estimate of $1.52 billion.

Shares of NASDAQ:LESL traded down $0.92 during midday trading on Monday, hitting $18.72. The company had a trading volume of 52,246 shares, compared to its average volume of 1,776,153. Leslie’s has a twelve month low of $18.07 and a twelve month high of $31.55. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55. The business’s 50-day simple moving average is $20.33 and its 200-day simple moving average is $21.11.

Leslie’s (NASDAQ:LESLGet Rating) last issued its earnings results on Thursday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $228.07 million during the quarter, compared to analysts’ expectations of $211.32 million. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) earnings per share. As a group, equities research analysts expect that Leslie’s will post 0.98 earnings per share for the current fiscal year.

Several analysts have issued reports on LESL shares. Zacks Investment Research cut Leslie’s from a hold rating to a sell rating in a report on Thursday, April 28th. The Goldman Sachs Group upgraded Leslie’s from a neutral rating to a buy rating and upped their target price for the company from $26.00 to $27.00 in a report on Monday, April 4th. Finally, Robert W. Baird dropped their target price on Leslie’s from $28.00 to $25.00 in a report on Friday. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $30.09.

In other news, insider Steven M. Weddell bought 25,000 shares of the stock in a transaction that occurred on Tuesday, February 8th. The stock was bought at an average cost of $19.80 per share, for a total transaction of $495,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael R. Egeck acquired 101,700 shares of the firm’s stock in a transaction dated Tuesday, February 8th. The stock was bought at an average price of $19.66 per share, with a total value of $1,999,422.00. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp lifted its stake in Leslie’s by 12.4% during the fourth quarter. State Street Corp now owns 2,107,919 shares of the company’s stock worth $49,873,000 after purchasing an additional 231,968 shares during the last quarter. Morgan Stanley lifted its stake in Leslie’s by 456.9% during the second quarter. Morgan Stanley now owns 1,233,361 shares of the company’s stock worth $33,905,000 after purchasing an additional 1,011,882 shares during the last quarter. Sei Investments Co. lifted its stake in Leslie’s by 8.9% during the fourth quarter. Sei Investments Co. now owns 533,794 shares of the company’s stock worth $12,630,000 after purchasing an additional 43,735 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Leslie’s by 19.5% during the third quarter. Bank of New York Mellon Corp now owns 503,828 shares of the company’s stock worth $10,350,000 after purchasing an additional 82,230 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Leslie’s by 30.4% during the fourth quarter. Stifel Financial Corp now owns 274,776 shares of the company’s stock worth $6,501,000 after purchasing an additional 64,134 shares during the last quarter.

About Leslie’s (Get Rating)

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.

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