Wall Street analysts expect Pentair PLC (NYSE:PNR) to report $790.25 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Pentair’s earnings. The highest sales estimate is $800.60 million and the lowest is $781.20 million. Pentair reported sales of $780.60 million in the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The firm is scheduled to report its next earnings report before the market opens on Tuesday, July 23rd.
According to Zacks, analysts expect that Pentair will report full-year sales of $3.01 billion for the current fiscal year, with estimates ranging from $2.99 billion to $3.04 billion. For the next financial year, analysts anticipate that the business will report sales of $3.13 billion, with estimates ranging from $3.10 billion to $3.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Pentair.
Pentair (NYSE:PNR) last issued its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Pentair had a return on equity of 21.45% and a net margin of 10.13%. The business had revenue of $689.90 million during the quarter, compared to analyst estimates of $795.82 million. During the same period in the previous year, the firm earned $0.49 EPS. Pentair’s quarterly revenue was down 5.8% compared to the same quarter last year.
NYSE:PNR traded up $0.92 during trading hours on Friday, reaching $37.96. 1,071,100 shares of the stock were exchanged, compared to its average volume of 1,663,856. Pentair has a twelve month low of $34.72 and a twelve month high of $45.99. The company has a current ratio of 1.77, a quick ratio of 1.18 and a debt-to-equity ratio of 0.73. The company’s 50 day simple moving average is $36.42. The stock has a market capitalization of $6.37 billion, a PE ratio of 16.15, a PEG ratio of 2.70 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, July 18th. Pentair’s dividend payout ratio is currently 30.64%.
Institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Pentair by 12.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,575 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 618 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Pentair by 16.4% in the fourth quarter. LPL Financial LLC now owns 20,673 shares of the industrial products company’s stock valued at $781,000 after acquiring an additional 2,920 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Pentair by 1.9% in the fourth quarter. BlackRock Inc. now owns 13,138,848 shares of the industrial products company’s stock valued at $496,385,000 after acquiring an additional 239,511 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Pentair by 3.7% in the fourth quarter. Stephens Inc. AR now owns 13,082 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 463 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Pentair by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,962,850 shares of the industrial products company’s stock valued at $74,156,000 after acquiring an additional 187,946 shares in the last quarter. Institutional investors own 84.03% of the company’s stock.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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