Analysts forecast that Pool Co. (NASDAQ:POOL) will post $887.29 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Pool’s earnings. The lowest sales estimate is $876.00 million and the highest is $893.45 million. Pool reported sales of $811.31 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 17th.
On average, analysts expect that Pool will report full year sales of $3.19 billion for the current financial year, with estimates ranging from $3.18 billion to $3.20 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.44 billion, with estimates ranging from $3.42 billion to $3.46 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Pool.
Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.21 by $0.01. Pool had a net margin of 8.14% and a return on equity of 82.89%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $2.80 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis.
Shares of POOL stock traded up $0.54 during trading hours on Monday, hitting $197.55. 2,467 shares of the company’s stock traded hands, compared to its average volume of 208,597. The stock’s fifty day simple moving average is $191.36 and its two-hundred day simple moving average is $176.84. Pool has a 12-month low of $136.83 and a 12-month high of $200.00. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 1.45 and a beta of 0.91. The company has a quick ratio of 0.97, a current ratio of 2.35 and a debt-to-equity ratio of 2.30.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a $0.55 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.11%. Pool’s payout ratio is currently 39.15%.
Pool announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 2nd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
In other Pool news, Vice Chairman De La Mesa Manuel J. Perez sold 7,643 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $192.60, for a total transaction of $1,472,041.80. Following the completion of the sale, the insider now directly owns 64,145 shares in the company, valued at approximately $12,354,327. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 3,210 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $192.56, for a total transaction of $618,117.60. Following the sale, the insider now owns 62,912 shares of the company’s stock, valued at $12,114,334.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,958 shares of company stock valued at $9,559,485. Company insiders own 6.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in POOL. NumerixS Investment Technologies Inc bought a new position in Pool in the 2nd quarter worth $38,000. Stonebridge Capital Advisors LLC bought a new position in Pool in the 2nd quarter worth $38,000. Steward Partners Investment Advisory LLC bought a new position in Pool in the 2nd quarter worth $40,000. Kavar Capital Partners LLC bought a new position in Pool in the 2nd quarter worth $43,000. Finally, NewSquare Capital LLC bought a new position in Pool in the 2nd quarter worth $43,000. Institutional investors and hedge funds own 93.85% of the company’s stock.
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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