Analysts forecast that Pool Corporation (NASDAQ:POOL) will post earnings of $1.18 per share for the current quarter, Zacks reports. Three analysts have made estimates for Pool Corporation’s earnings. The highest EPS estimate is $1.20 and the lowest is $1.16. Pool Corporation reported earnings per share of $1.03 during the same quarter last year, which suggests a positive year over year growth rate of 14.6%. The business is scheduled to report its next earnings report on Thursday, October 19th.
On average, analysts expect that Pool Corporation will report full year earnings of $4.20 per share for the current year, with EPS estimates ranging from $4.18 to $4.22. For the next fiscal year, analysts anticipate that the business will report earnings of $4.61 per share, with EPS estimates ranging from $4.60 to $4.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Pool Corporation.
Pool Corporation (NASDAQ:POOL) last released its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by $0.03. The firm had revenue of $988.16 million during the quarter. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $1.98 earnings per share.
POOL has been the subject of a number of analyst reports. Zacks Investment Research downgraded Pool Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Johnson Rice raised Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. Finally, BidaskClub downgraded Pool Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $125.67.
Several hedge funds and other institutional investors have recently made changes to their positions in POOL. Bank of Montreal Can increased its position in shares of Pool Corporation by 72.1% in the first quarter. Bank of Montreal Can now owns 17,015 shares of the specialty retailer’s stock valued at $2,031,000 after buying an additional 7,128 shares during the last quarter. Profund Advisors LLC increased its position in shares of Pool Corporation by 3.3% in the first quarter. Profund Advisors LLC now owns 5,668 shares of the specialty retailer’s stock valued at $676,000 after buying an additional 182 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Pool Corporation by 900.7% in the first quarter. Acadian Asset Management LLC now owns 4,213 shares of the specialty retailer’s stock valued at $502,000 after buying an additional 3,792 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Pool Corporation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,786 shares of the specialty retailer’s stock valued at $1,764,000 after buying an additional 200 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Pool Corporation by 557.1% in the first quarter. Canada Pension Plan Investment Board now owns 4,600 shares of the specialty retailer’s stock valued at $549,000 after buying an additional 3,900 shares during the last quarter. 92.30% of the stock is owned by institutional investors and hedge funds.
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Pool Corporation (POOL) traded up 1.81% during midday trading on Friday, reaching $99.69. 744,057 shares of the company traded hands. The stock has a market capitalization of $4.11 billion, a P/E ratio of 25.91 and a beta of 0.91. The firm has a 50-day moving average of $109.79 and a 200-day moving average of $116.41. Pool Corporation has a 1-year low of $88.64 and a 1-year high of $124.25.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Monday, August 7th. Pool Corporation’s payout ratio is 38.74%.
Pool Corporation declared that its Board of Directors has authorized a stock buyback program on Wednesday, May 3rd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the specialty retailer to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
About Pool Corporation
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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