Zacks: Brokerages Anticipate Leslie’s, Inc. (NASDAQ:LESL) Will Announce Quarterly Sales of $706.22 Million

Equities research analysts expect that Leslie’s, Inc. (NASDAQ:LESLGet Rating) will post $706.22 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Leslie’s’ earnings, with the highest sales estimate coming in at $722.00 million and the lowest estimate coming in at $682.44 million. Leslie’s posted sales of $596.54 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.4%. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Leslie’s will report full year sales of $1.60 billion for the current financial year, with estimates ranging from $1.58 billion to $1.61 billion. For the next year, analysts expect that the business will report sales of $1.71 billion, with estimates ranging from $1.68 billion to $1.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Leslie’s.

Leslie’s (NASDAQ:LESLGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $228.07 million for the quarter, compared to analysts’ expectations of $211.32 million. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS.

LESL has been the subject of a number of research analyst reports. Robert W. Baird decreased their price target on Leslie’s from $28.00 to $25.00 in a research note on Friday, May 6th. The Goldman Sachs Group raised Leslie’s from a “neutral” rating to a “buy” rating and raised their price target for the stock from $26.00 to $27.00 in a research note on Monday, April 4th. Finally, Zacks Investment Research raised Leslie’s from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a research note on Friday. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $29.73.

In other news, insider Moyo Labode sold 4,696 shares of Leslie’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $17.48, for a total value of $82,086.08. Following the transaction, the insider now directly owns 11,554 shares in the company, valued at approximately $201,963.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Leslie’s by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 11,957 shares of the company’s stock worth $246,000 after buying an additional 431 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in Leslie’s by 4.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 16,548 shares of the company’s stock worth $369,000 after purchasing an additional 674 shares during the period. Voya Financial Advisors Inc. raised its holdings in Leslie’s by 6.6% in the 3rd quarter. Voya Financial Advisors Inc. now owns 11,495 shares of the company’s stock worth $232,000 after purchasing an additional 713 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Leslie’s by 1.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 41,600 shares of the company’s stock worth $854,000 after purchasing an additional 725 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Leslie’s by 163.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,417 shares of the company’s stock worth $31,000 after buying an additional 880 shares in the last quarter.

NASDAQ:LESL opened at $18.97 on Friday. Leslie’s has a 1 year low of $16.40 and a 1 year high of $31.55. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.61 and a beta of 0.55. The business has a 50 day simple moving average of $20.08 and a 200-day simple moving average of $21.00.

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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