Pool (NASDAQ:POOL) Issues FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 13.000-14.000 for the period, compared to the consensus EPS estimate of 13.270. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. TheStreet cut Pool from a b rating to a c+ rating in a report on Thursday, February 22nd. Oppenheimer raised their price target on Pool from $407.00 to $436.00 and gave the company an outperform rating in a report on Thursday, March 28th. Stifel Nicolaus reissued a hold rating and set a $370.00 price target on shares of Pool in a report on Tuesday, March 5th. Finally, Loop Capital cut Pool from a buy rating to a hold rating and lifted their target price for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $397.80.

Pool Trading Up 0.6 %

Shares of POOL stock opened at $377.39 on Thursday. Pool has a 12-month low of $307.77 and a 12-month high of $422.73. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average price is $393.60 and its 200-day moving average price is $373.55. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 3.58 and a beta of 1.00.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business’s revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 earnings per share. Equities research analysts predict that Pool will post 13.27 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.17%. Pool’s dividend payout ratio is currently 33.03%.

Insider Buying and Selling

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the transaction, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.

About Pool

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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.