Pool (NASDAQ:POOL) Releases FY 2021 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $13.460-$13.960 for the period, compared to the Thomson Reuters consensus estimate of $12.420. The company issued revenue guidance of -.

Pool stock opened at $457.69 on Thursday. The stock has a market cap of $18.37 billion, a P/E ratio of 42.94 and a beta of 0.79. The company’s 50-day moving average price is $447.05. The company has a current ratio of 1.80, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. Pool has a fifty-two week low of $285.92 and a fifty-two week high of $478.67.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $1.27. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $825.73 million. Pool had a return on equity of 71.77% and a net margin of 10.06%. The company’s revenue for the quarter was up 56.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Analysts expect that Pool will post 12.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, May 14th. This is a boost from Pool’s previous quarterly dividend of $0.58. Pool’s payout ratio is 38.00%.

POOL has been the subject of several analyst reports. Loop Capital boosted their price objective on Pool from $440.00 to $470.00 and gave the company a buy rating in a report on Friday, June 4th. They noted that the move was a valuation call. The Goldman Sachs Group started coverage on Pool in a report on Tuesday, May 18th. They issued a buy rating and a $535.00 price target for the company. Robert W. Baird upped their price target on Pool from $360.00 to $444.00 and gave the stock an outperform rating in a report on Friday, April 23rd. Jefferies Financial Group reaffirmed a hold rating and issued a $410.00 price target on shares of Pool in a report on Wednesday, May 5th. Finally, KeyCorp upped their price target on Pool from $450.00 to $500.00 and gave the stock an overweight rating in a report on Tuesday, June 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Pool has an average rating of Buy and an average price target of $453.43.

In other Pool news, VP Romain Kenneth G. St sold 12,500 shares of the stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $413.17, for a total transaction of $5,164,625.00. Following the completion of the transaction, the vice president now owns 96,487 shares of the company’s stock, valued at $39,865,533.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jennifer M. Neil sold 1,795 shares of the stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $430.80, for a total value of $773,286.00. Following the transaction, the general counsel now directly owns 12,794 shares of the company’s stock, valued at approximately $5,511,655.20. The disclosure for this sale can be found here. Insiders have sold 50,711 shares of company stock valued at $21,757,571 in the last three months. Insiders own 4.00% of the company’s stock.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.

Further Reading: S&P/ASX 200 Index

Earnings History and Estimates for Pool (NASDAQ:POOL)

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