Pentair (NYSE:PNR) Issues Q2 Earnings Guidance

Pentair (NYSE:PNR) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.75-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.74. The company issued revenue guidance of +25-29% to $891.3-920.3 million, compared to the consensus revenue estimate of $832.51 million.Pentair also updated its FY 2021 guidance to $3.100-3.200 EPS.

A number of research firms recently commented on PNR. Zacks Investment Research upgraded Pentair from a hold rating to a buy rating and set a $68.00 price objective for the company in a report on Tuesday, April 27th. Barclays upped their price objective on Pentair from $55.00 to $57.00 and gave the company an underweight rating in a report on Tuesday, April 6th. Morgan Stanley downgraded Pentair from an equal weight rating to an underweight rating and dropped their price objective for the company from $69.00 to $63.00 in a report on Friday, June 4th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Pentair from $73.00 to $78.00 in a report on Friday, April 23rd. Finally, Citigroup increased their price target on Pentair from $73.00 to $78.00 in a report on Friday, April 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $58.87.

Shares of NYSE PNR opened at $67.29 on Friday. Pentair has a 52 week low of $35.61 and a 52 week high of $70.76. The firm has a market capitalization of $11.18 billion, a PE ratio of 27.24, a PEG ratio of 1.99 and a beta of 1.18. The company’s 50 day moving average is $66.15. The company has a quick ratio of 0.95, a current ratio of 1.47 and a debt-to-equity ratio of 0.43.

Pentair (NYSE:PNR) last released its quarterly earnings data on Thursday, April 22nd. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.20. Pentair had a return on equity of 22.54% and a net margin of 13.06%. The company had revenue of $865.90 million during the quarter, compared to analysts’ expectations of $773.01 million. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue was up 22.0% on a year-over-year basis. As a group, sell-side analysts forecast that Pentair will post 3.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 6th. Stockholders of record on Friday, July 23rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, July 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. Pentair’s payout ratio is 32.00%.

In other news, EVP John H. Jacko sold 30,979 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $69.51, for a total transaction of $2,153,350.29. Following the transaction, the executive vice president now owns 10,790 shares in the company, valued at $750,012.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by company insiders.

Pentair Company Profile

Pentair plc provides various smart water solutions worldwide. It operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

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Earnings History and Estimates for Pentair (NYSE:PNR)

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