Pool (NASDAQ:POOL) Issues FY24 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $11.05-11.45 for the period, compared to the consensus EPS estimate of $11.02.

Analysts Set New Price Targets

Several research firms recently weighed in on POOL. Stifel Nicolaus reduced their target price on shares of Pool from $360.00 to $310.00 and set a hold rating on the stock in a report on Thursday, July 18th. Bank of America reduced their target price on shares of Pool from $338.00 to $290.00 and set an underperform rating on the stock in a report on Tuesday, June 25th. Loop Capital reduced their target price on shares of Pool from $370.00 to $305.00 and set a hold rating on the stock in a report on Tuesday, June 25th. Stephens reduced their target price on shares of Pool from $425.00 to $350.00 and set an overweight rating on the stock in a report on Tuesday, June 25th. Finally, Wells Fargo & Company cut their price objective on shares of Pool from $360.00 to $290.00 and set an equal weight rating on the stock in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Pool has a consensus rating of Hold and a consensus target price of $321.75.

Pool Stock Up 10.0 %

POOL stock traded up $32.75 during trading on Thursday, reaching $359.94. The stock had a trading volume of 1,077,719 shares, compared to its average volume of 370,720. Pool has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $13.80 billion, a P/E ratio of 28.16, a PEG ratio of 2.49 and a beta of 1.00. The firm has a fifty day moving average price of $336.31 and a 200 day moving average price of $368.75.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.46 EPS. On average, equities analysts anticipate that Pool will post 10.95 earnings per share for the current year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio is 37.56%.

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.