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

Leslie’s (NASDAQ:LESLGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.02-$1.10 for the period, compared to the consensus EPS 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.

LESL traded down $0.06 during midday trading on Monday, reaching $18.91. 1,552 shares of the company were exchanged, compared to its average volume of 1,800,092. Leslie’s has a one year low of $16.40 and a one year high of $31.55. The company’s fifty day moving average price is $20.08 and its 200 day moving average price is $21.00. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.81 and a beta of 0.55.

Leslie’s (NASDAQ:LESLGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $228.07 million during the quarter, compared to analysts’ expectations of $211.32 million. Leslie’s’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) EPS. On average, sell-side analysts forecast that Leslie’s will post 1.04 EPS for the current year.

A number of research firms recently commented on LESL. Robert W. Baird reduced their target price on Leslie’s from $28.00 to $25.00 in a research note on Friday, May 6th. The Goldman Sachs Group upgraded shares of Leslie’s from a neutral rating to a buy rating and increased their target price for the stock from $26.00 to $27.00 in a report on Monday, April 4th. Finally, Zacks Investment Research raised shares of Leslie’s from a sell rating to a hold rating and set a $19.00 target price for the company in a research note on Friday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $29.73.

In related news, insider Moyo Labode sold 4,696 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $17.48, for a total transaction of $82,086.08. Following the sale, the insider now owns 11,554 shares in the company, valued at $201,963.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.60% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of LESL. MetLife Investment Management LLC acquired a new position in shares of Leslie’s in the first quarter valued at approximately $183,000. MML Investors Services LLC acquired a new position in shares of Leslie’s during the 4th quarter worth $257,000. Canada Pension Plan Investment Board purchased a new position in Leslie’s in the 1st quarter valued at approximately $294,000. Cetera Investment Advisers raised its position in Leslie’s by 6.8% during the first quarter. Cetera Investment Advisers now owns 16,445 shares of the company’s stock worth $318,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Leslie’s during the first quarter valued at $319,000.

Leslie’s Company Profile (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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