Pool (POOL) Posts Earnings Results, Beats Estimates By $0.08 EPS

Pool (NASDAQ:POOL) issued its quarterly earnings data on Thursday. The specialty retailer reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.08, Briefing.com reports. Pool had a return on equity of 82.52% and a net margin of 7.69%. The company had revenue of $811.31 million during the quarter. During the same quarter last year, the business earned $1.16 earnings per share. Pool’s revenue was up 9.1% compared to the same quarter last year. Pool updated its FY 2018 guidance to $5.58-5.78 EPS and its FY18 guidance to $5.58-5.78 EPS.

Shares of POOL traded down $0.13 during mid-day trading on Friday, reaching $142.21. 55,341 shares of the company were exchanged, compared to its average volume of 309,801. Pool has a 52 week low of $110.25 and a 52 week high of $175.87. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.64 and a quick ratio of 1.15. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84.

In other Pool news, Director Robert C. Sledd sold 5,766 shares of Pool stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $162.96, for a total value of $939,627.36. Following the completion of the sale, the director now directly owns 23,246 shares in the company, valued at $3,788,168.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 40,000 shares of Pool stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $161.52, for a total value of $6,460,800.00. Following the completion of the sale, the chief executive officer now owns 60,258 shares of the company’s stock, valued at $9,732,872.16. The disclosure for this sale can be found here. Insiders have sold 70,766 shares of company stock valued at $11,473,167 over the last 90 days. 6.00% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on POOL shares. BidaskClub downgraded Pool from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 4th. Jefferies Financial Group started coverage on Pool in a research report on Friday, October 12th. They set a “hold” rating and a $145.00 price objective for the company. Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Robert W. Baird downgraded Pool from an “outperform” rating to a “neutral” rating and set a $131.00 price objective for the company. in a research report on Tuesday, July 3rd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Pool currently has a consensus rating of “Hold” and a consensus target price of $151.80.

Pool Company Profile

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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Earnings History for Pool (NASDAQ:POOL)

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