Pentair PLC. (NYSE:PNR) will be announcing its earnings results before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Pentair PLC. has set its Q3 guidance at $0.91-0.93 EPS and its FY17 guidance at ~$3.50 EPS.
Pentair PLC. (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business earned $1.11 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts expect Pentair PLC. to post $3.51 EPS for the current fiscal year and $3.90 EPS for the next fiscal year.
Pentair PLC. (NYSE:PNR) opened at 71.10 on Tuesday. Pentair PLC. has a 12-month low of $53.80 and a 12-month high of $71.14. The firm’s 50-day moving average price is $65.99 and its 200 day moving average price is $64.88. The firm has a market cap of $12.90 billion, a P/E ratio of 20.93 and a beta of 1.41.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 20th will be given a $0.345 dividend. The ex-dividend date is Thursday, October 19th. This represents a $1.38 dividend on an annualized basis and a yield of 1.94%. Pentair PLC.’s dividend payout ratio is currently 40.71%.
PNR has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price target on shares of Pentair PLC. in a report on Wednesday, July 12th. KeyCorp reiterated a “buy” rating and set a $77.00 price target on shares of Pentair PLC. in a report on Thursday, October 12th. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price target (up previously from $69.00) on shares of Pentair PLC. in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price target on shares of Pentair PLC. in a report on Thursday, September 21st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $68.15.
In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of Pentair PLC. stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $67.00, for a total value of $348,400.00. Following the completion of the sale, the director now directly owns 21,538 shares of the company’s stock, valued at $1,443,046. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.90% of the company’s stock.
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Pentair PLC. Company Profile
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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