Pool (NASDAQ:POOL) Releases FY19 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.09-3.34 for the period, compared to the Thomson Reuters consensus estimate of $6.21. Pool also updated its FY 2019 guidance to $6.09-6.34 EPS.

Shares of Pool stock traded up $2.89 during trading on Friday, hitting $191.55. The stock had a trading volume of 53,865 shares, compared to its average volume of 212,369. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. Pool has a 12 month low of $136.83 and a 12 month high of $196.00. The company’s 50-day moving average price is $187.21. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.60 and a current ratio of 1.96.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.01. Pool had a net margin of 7.83% and a return on equity of 79.99%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $2.80 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that Pool will post 6.03 earnings per share for the current fiscal year.

Pool declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the specialty retailer to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

POOL has been the subject of a number of analyst reports. Stephens reaffirmed a buy rating and set a $34.00 target price on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. BidaskClub upgraded shares of Westport Fuel Systems from a hold rating to a buy rating in a report on Friday, July 12th. Finally, Zacks Investment Research cut shares of GenMark Diagnostics from a hold rating to a sell rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $174.75.

In other Pool news, VP Hart Melanie Housey sold 1,600 shares of Pool stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $185.20, for a total value of $296,320.00. Following the sale, the vice president now directly owns 11,884 shares in the company, valued at approximately $2,200,916.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman De La Mesa Manuel J. Perez sold 16,173 shares of Pool stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $180.19, for a total transaction of $2,914,212.87. Following the completion of the sale, the insider now owns 65,214 shares in the company, valued at $11,750,910.66. The disclosure for this sale can be found here. Insiders have sold a total of 143,370 shares of company stock worth $26,343,992 over the last 90 days. Insiders own 6.00% of the company’s stock.

About Pool

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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Earnings History and Estimates for Pool (NASDAQ:POOL)

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