Brokerages predict that Pool Co. (NASDAQ:POOL) will report sales of $1.05 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Pool’s earnings. The lowest sales estimate is $1.05 billion and the highest is $1.06 billion. Pool posted sales of $988.16 million in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The company is expected to issue its next quarterly earnings results on Thursday, July 19th.
According to Zacks, analysts expect that Pool will report full year sales of $3.00 billion for the current fiscal year. For the next financial year, analysts anticipate that the business will post sales of $3.21 billion per share, with estimates ranging from $3.19 billion to $3.23 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Pool.
Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 19th. The specialty retailer reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. Pool had a return on equity of 74.42% and a net margin of 7.10%. The company had revenue of $585.90 million for the quarter. During the same quarter in the previous year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis.
Shares of Pool opened at $154.00 on Friday, Marketbeat Ratings reports. Pool has a one year low of $97.25 and a one year high of $157.52. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.65 and a current ratio of 1.97. The stock has a market cap of $6.25 billion, a P/E ratio of 38.60 and a beta of 0.81.
The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, May 17th. This represents a $1.80 annualized dividend and a yield of 1.17%. This is a positive change from Pool’s previous quarterly dividend of $0.37. Pool’s dividend payout ratio is presently 45.11%.
Pool declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 3rd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 3.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
In other Pool news, General Counsel Jennifer M. Neil sold 6,012 shares of the stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $137.08, for a total value of $824,124.96. Following the transaction, the general counsel now owns 20,100 shares in the company, valued at $2,755,308. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Hart Melanie Housey sold 3,500 shares of the stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $147.95, for a total value of $517,825.00. Following the completion of the transaction, the insider now owns 12,215 shares in the company, valued at approximately $1,807,209.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,512 shares of company stock worth $4,776,350. Corporate insiders own 6.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. raised its stake in shares of Pool by 12.8% in the first quarter. D.A. Davidson & CO. now owns 3,317 shares of the specialty retailer’s stock worth $485,000 after purchasing an additional 377 shares during the last quarter. FDx Advisors Inc. raised its stake in shares of Pool by 4.0% in the fourth quarter. FDx Advisors Inc. now owns 10,517 shares of the specialty retailer’s stock worth $1,364,000 after purchasing an additional 409 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Pool by 42.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,446 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 434 shares during the last quarter. BB&T Securities LLC raised its stake in shares of Pool by 8.5% in the first quarter. BB&T Securities LLC now owns 5,801 shares of the specialty retailer’s stock worth $848,000 after purchasing an additional 452 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of Pool by 3.6% in the first quarter. Aperio Group LLC now owns 13,112 shares of the specialty retailer’s stock worth $1,917,000 after purchasing an additional 461 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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