Pool (POOL) to Release Earnings on Thursday

Pool (NASDAQ:POOL) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Pool has set its FY 2024 guidance at 13.100-14.100 EPS and its FY24 guidance at $13.00 to $14.00 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, topping the consensus estimate of $1.28 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. Pool’s revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 earnings per share. On average, analysts expect Pool to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Pool Stock Performance

Shares of Pool stock opened at $364.15 on Thursday. The stock has a market cap of $14.02 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.47 and a beta of 1.00. The business has a fifty day simple moving average of $395.15 and a 200-day simple moving average of $372.55. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. Pool has a 12 month low of $307.77 and a 12 month high of $422.73.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $1.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.21%. Pool’s dividend payout ratio (DPR) is presently 33.03%.

Insider Buying and Selling at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Pool

Several hedge funds and other institutional investors have recently made changes to their positions in POOL. Morgan Stanley grew its position in shares of Pool by 62.4% in the fourth quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock valued at $364,021,000 after purchasing an additional 462,507 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Pool by 162.5% in the first quarter. JPMorgan Chase & Co. now owns 302,815 shares of the specialty retailer’s stock valued at $103,696,000 after purchasing an additional 187,447 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Pool by 11.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,618,956 shares of the specialty retailer’s stock worth $554,395,000 after buying an additional 162,319 shares in the last quarter. Select Equity Group L.P. grew its position in Pool by 10.3% during the fourth quarter. Select Equity Group L.P. now owns 1,502,159 shares of the specialty retailer’s stock worth $454,148,000 after buying an additional 139,946 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Pool by 24.3% during the first quarter. Macquarie Group Ltd. now owns 499,334 shares of the specialty retailer’s stock worth $170,992,000 after buying an additional 97,612 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on POOL shares. Loop Capital cut Pool from a “buy” rating to a “hold” rating and raised their target price for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. TheStreet lowered Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Finally, Oppenheimer increased their price objective on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $388.63.

Pool Company Profile

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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.