$790.25 Million in Sales Expected for Pentair PLC (NYSE:PNR) This Quarter

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.

PNR has been the subject of a number of recent research reports. BMO Capital Markets reduced their price target on Pentair to $39.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Cowen set a $75.00 price target on Baxter International and gave the stock a “hold” rating in a research report on Monday, April 22nd. Morgan Stanley upped their price target on Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.00.

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.

Featured Story: What is a short straddle?

Get a free copy of the Zacks research report on Pentair (PNR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Pentair (NYSE:PNR)

Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.