Brokerages forecast that Pool Corporation (NASDAQ:POOL) will announce $1.25 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Pool Corporation’s earnings, with estimates ranging from $1.22 to $1.31. Pool Corporation posted earnings per share of $1.03 in the same quarter last year, which would suggest a positive year over year growth rate of 21.4%. The company is scheduled to issue its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Pool Corporation will report full year earnings of $4.23 per share for the current financial year, with EPS estimates ranging from $4.21 to $4.25. For the next fiscal year, analysts forecast that the business will post earnings of $4.62 per share, with EPS estimates ranging from $4.60 to $4.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Pool Corporation.
Pool Corporation (NASDAQ:POOL) last posted its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by $0.03. The company had revenue of $988.16 million for the quarter, compared to analysts’ expectations of $982.66 million. Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.98 earnings per share.
A number of equities research analysts have recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $128.00 target price on shares of Pool Corporation in a report on Friday, April 7th. Zacks Investment Research lowered shares of Pool Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, BidaskClub raised shares of Pool Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th.
In related news, CEO De La Mesa Manuel J. Perez sold 12,372 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $122.12, for a total transaction of $1,510,868.64. Following the completion of the sale, the chief executive officer now directly owns 51,953 shares of the company’s stock, valued at $6,344,500.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hart Melanie Housey sold 3,000 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $119.14, for a total value of $357,420.00. Following the sale, the insider now directly owns 11,082 shares of the company’s stock, valued at $1,320,309.48. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
Several large investors have recently modified their holdings of POOL. TrimTabs Asset Management LLC bought a new stake in shares of Pool Corporation during the first quarter valued at $124,000. FNY Partners Fund LP bought a new stake in shares of Pool Corporation during the first quarter valued at $126,000. Huntington National Bank increased its stake in shares of Pool Corporation by 27.9% in the second quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock valued at $174,000 after buying an additional 323 shares in the last quarter. FCG Advisors LLC bought a new stake in shares of Pool Corporation during the first quarter valued at $214,000. Finally, Sawtooth Solutions LLC bought a new stake in shares of Pool Corporation during the first quarter valued at $227,000. 91.89% of the stock is owned by hedge funds and other institutional investors.
Pool Corporation (NASDAQ:POOL) traded down 0.85% during trading on Wednesday, reaching $105.84. 615,360 shares of the company traded hands. Pool Corporation has a 52 week low of $88.64 and a 52 week high of $124.25. The firm has a 50-day moving average price of $119.80 and a 200-day moving average price of $116.29. The company has a market capitalization of $4.38 billion, a P/E ratio of 29.28 and a beta of 0.93.
Pool Corporation announced that its Board of Directors has authorized a stock buyback plan on Wednesday, May 3rd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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Pool Corporation Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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