Brokerages Anticipate Pentair PLC (PNR) Will Announce Earnings of $0.66 Per Share

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Wall Street analysts predict that Pentair PLC (NYSE:PNR) will report earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Pentair’s earnings, with estimates ranging from $0.65 to $0.69. Pentair reported earnings per share of $0.71 in the same quarter last year, which suggests a negative year over year growth rate of 7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Pentair will report full year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.29 to $2.34. For the next fiscal year, analysts forecast that the business will report earnings of $2.58 per share, with EPS estimates ranging from $2.48 to $2.65. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Pentair.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.43. The company had revenue of $689.90 million for the quarter, compared to analysts’ expectations of $795.82 million. Pentair had a net margin of 10.13% and a return on equity of 21.45%. Pentair’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS.

PNR has been the topic of a number of analyst reports. Oppenheimer reiterated a “hold” rating on shares of Pentair in a research note on Tuesday, January 29th. ValuEngine lowered Pentair from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, February 5th. BMO Capital Markets decreased their target price on Pentair from $47.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. Finally, Cowen reissued an “outperform” rating and issued a $45.00 target price (down previously from $52.00) on shares of Pentair in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.10.

In other Pentair news, SVP Ademir Sarcevic sold 2,435 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $109,575.00. Following the completion of the transaction, the senior vice president now owns 2,763 shares of the company’s stock, valued at approximately $124,335. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its position in shares of Pentair by 2.4% during the 1st quarter. BlackRock Inc. now owns 13,456,447 shares of the industrial products company’s stock valued at $598,946,000 after purchasing an additional 317,599 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Pentair by 2.5% during the 1st quarter. Clearbridge Investments LLC now owns 4,251,011 shares of the industrial products company’s stock valued at $189,213,000 after purchasing an additional 102,888 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of Pentair by 73.9% during the 4th quarter. Impax Asset Management Group plc now owns 3,386,199 shares of the industrial products company’s stock valued at $127,931,000 after purchasing an additional 1,438,974 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Pentair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,666,332 shares of the industrial products company’s stock valued at $118,675,000 after purchasing an additional 29,996 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Pentair by 4.7% during the 1st quarter. Geode Capital Management LLC now owns 2,642,253 shares of the industrial products company’s stock valued at $117,420,000 after purchasing an additional 119,258 shares during the last quarter. 89.04% of the stock is owned by institutional investors and hedge funds.

Pentair stock traded up $0.65 during mid-day trading on Friday, reaching $36.25. The stock had a trading volume of 1,336,104 shares, compared to its average volume of 1,745,455. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.68 and a beta of 1.17. Pentair has a one year low of $35.28 and a one year high of $45.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.77 and a quick ratio of 1.18.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, July 18th. Pentair’s dividend payout ratio (DPR) is 30.64%.

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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