Pool Corporation (POOL) Expected to Post Earnings of $0.17 Per Share

Analysts expect that Pool Corporation (NASDAQ:POOL) will post earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Pool’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.19. Pool reported earnings of $0.06 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 183.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 15th.

On average, analysts expect that Pool will report full-year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $4.06 to $4.09. For the next fiscal year, analysts expect that the company will post earnings of $4.73 per share, with EPS estimates ranging from $4.60 to $4.83. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Pool.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The business had revenue of $743.40 million for the quarter. Pool had a return on equity of 69.28% and a net margin of 6.19%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share.

A number of equities research analysts have weighed in on the company. Sidoti raised Pool from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $119.00 to $131.00 in a report on Friday, September 15th. BidaskClub downgraded Pool from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Finally, Robert W. Baird lifted their price objective on Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $127.25.

In other Pool news, Director Harlan F. Seymour sold 15,502 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the completion of the sale, the director now owns 15,995 shares in the company, valued at approximately $1,901,325.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the sale, the chief executive officer now owns 61,708 shares of the company’s stock, valued at approximately $7,450,006.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,330 shares of company stock worth $8,536,195. Company insiders own 7.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. FCG Advisors LLC increased its position in shares of Pool by 0.3% in the 2nd quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 6 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Pool by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,035 shares of the specialty retailer’s stock worth $710,000 after buying an additional 23 shares during the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Pool by 0.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 12,440 shares of the specialty retailer’s stock worth $1,463,000 after buying an additional 37 shares during the last quarter. Sawtooth Solutions LLC boosted its stake in shares of Pool by 2.3% during the 2nd quarter. Sawtooth Solutions LLC now owns 1,943 shares of the specialty retailer’s stock worth $228,000 after buying an additional 44 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Pool by 4.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 2,140 shares of the specialty retailer’s stock worth $252,000 after buying an additional 90 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.

Pool (NASDAQ POOL) remained flat at $$131.17 during midday trading on Friday. 213,500 shares of the company were exchanged, compared to its average volume of 243,616. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $5,268.68, a price-to-earnings ratio of 34.25 and a beta of 0.96. Pool has a 52 week low of $97.25 and a 52 week high of $131.80.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, November 14th. Pool’s dividend payout ratio is 37.47%.

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About Pool

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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