Leslie’s (NASDAQ:LESL) Releases FY 2024 Earnings Guidance

Leslie’s (NASDAQ:LESL) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.030-0.090 for the period, compared to the consensus EPS estimate of 0.280. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.4 billion. Leslie’s also updated its FY24 guidance to $0.03-0.09 EPS.

Analysts Set New Price Targets

LESL has been the subject of a number of research reports. Bank of America reduced their price target on shares of Leslie’s from $6.40 to $5.15 and set a buy rating for the company in a report on Thursday. Jefferies Financial Group reduced their target price on shares of Leslie’s from $5.00 to $4.00 and set a hold rating for the company in a research note on Wednesday, July 10th. Telsey Advisory Group lowered their price target on Leslie’s from $6.00 to $4.00 and set a market perform rating on the stock in a research note on Thursday. Stifel Nicolaus downgraded Leslie’s from a hold rating to a sell rating and reduced their price objective for the stock from $5.25 to $2.50 in a research report on Thursday. Finally, Mizuho cut their target price on Leslie’s from $7.00 to $6.00 and set a neutral rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Leslie’s presently has an average rating of Hold and an average target price of $4.74.

Leslie’s Price Performance

Shares of LESL stock opened at $4.08 on Thursday. The stock’s fifty day simple moving average is $4.63 and its 200 day simple moving average is $5.79. Leslie’s has a one year low of $3.12 and a one year high of $8.21. The firm has a market cap of $753.74 million, a price-to-earnings ratio of 51.00, a P/E/G ratio of 0.61 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.18). Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. The company had revenue of $188.66 million during the quarter, compared to analysts’ expectations of $202.69 million. On average, research analysts anticipate that Leslie’s will post 0.25 earnings per share for the current year.

About Leslie’s

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.