Analysts Expect Pool Co. (NASDAQ:POOL) Will Post Quarterly Sales of $1.64 Billion


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Brokerages expect that Pool Co. (NASDAQ:POOL) will report sales of $1.64 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Pool’s earnings, with the highest sales estimate coming in at $1.72 billion and the lowest estimate coming in at $1.56 billion. Pool reported sales of $1.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.1%. The firm is expected to announce its next quarterly earnings report on Thursday, July 22nd.

On average, analysts expect that Pool will report full-year sales of $4.76 billion for the current year, with estimates ranging from $4.31 billion to $5.00 billion. For the next fiscal year, analysts expect that the company will report sales of $5.05 billion, with estimates ranging from $4.55 billion to $5.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Pool.

Pool (NASDAQ:POOL) last announced its earnings results on Wednesday, April 21st. The specialty retailer reported $2.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $1.27. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $825.73 million. Pool had a return on equity of 70.48% and a net margin of 8.85%. The business’s quarterly revenue was up 56.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS.

Several research analysts have recently weighed in on POOL shares. Jefferies Financial Group upped their target price on Pool from $350.00 to $400.00 and gave the stock a “hold” rating in a research note on Friday, January 15th. Loop Capital increased their price objective on Pool from $390.00 to $405.00 and gave the company a “hold” rating in a research note on Monday, April 26th. Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating and set a $362.00 price objective for the company. in a research note on Wednesday, March 17th. Finally, Robert W. Baird increased their price objective on Pool from $360.00 to $444.00 and gave the company an “outperform” rating in a research note on Friday, April 23rd. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Pool has an average rating of “Buy” and a consensus target price of $358.25.

In other news, VP Romain Kenneth G. St sold 12,500 shares of the stock in a transaction on Monday, April 26th. The stock was sold at an average price of $413.17, for a total transaction of $5,164,625.00. Following the completion of the transaction, the vice president now directly owns 96,487 shares in the company, valued at approximately $39,865,533.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Peter D. Arvan purchased 500 shares of the stock in a transaction dated Friday, March 5th. The shares were acquired at an average price of $316.03 per share, with a total value of $158,015.00. Following the completion of the acquisition, the chief executive officer now owns 59,683 shares in the company, valued at approximately $18,861,618.49. The disclosure for this purchase can be found here. 4.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its holdings in shares of Pool by 2.3% during the 4th quarter. Alliancebernstein L.P. now owns 322,636 shares of the specialty retailer’s stock worth $120,182,000 after purchasing an additional 7,195 shares during the period. SG Americas Securities LLC grew its holdings in shares of Pool by 63.0% during the 4th quarter. SG Americas Securities LLC now owns 18,284 shares of the specialty retailer’s stock worth $6,811,000 after purchasing an additional 7,068 shares during the period. Fiera Capital Corp grew its holdings in shares of Pool by 0.5% during the 4th quarter. Fiera Capital Corp now owns 92,454 shares of the specialty retailer’s stock worth $34,439,000 after purchasing an additional 490 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Pool during the 4th quarter worth $187,000. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Pool by 44.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 150,745 shares of the specialty retailer’s stock worth $56,153,000 after purchasing an additional 46,427 shares during the period. Institutional investors and hedge funds own 90.62% of the company’s stock.

Shares of POOL stock traded up $2.29 during trading hours on Thursday, hitting $431.15. 232,873 shares of the company’s stock were exchanged, compared to its average volume of 350,516. The company has a quick ratio of 0.94, a current ratio of 2.21 and a debt-to-equity ratio of 0.56. The firm has a market cap of $17.31 billion, a P/E ratio of 54.03 and a beta of 0.72. The firm has a 50 day moving average of $369.64 and a two-hundred day moving average of $355.83. Pool has a fifty-two week low of $212.63 and a fifty-two week high of $431.46.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, March 10th. Pool’s payout ratio is currently 39.79%.

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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Earnings History and Estimates for Pool (NASDAQ:POOL)

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