Pentair (NYSE:PNR) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Pentair (NYSE:PNR) released its quarterly earnings data on Tuesday. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04, Briefing.com reports. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS.

Pentair Stock Up 1.5 %

Shares of PNR stock traded up $1.17 on Friday, hitting $80.37. The stock had a trading volume of 169,070 shares, compared to its average volume of 1,634,577. The stock’s 50 day moving average is $80.27 and its 200-day moving average is $71.84. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.50 and a beta of 1.20. Pentair has a 52-week low of $53.88 and a 52-week high of $85.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.90.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 18th. Pentair’s dividend payout ratio (DPR) is 24.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PNR. Stifel Nicolaus boosted their price target on Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Citigroup lifted their price target on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Mizuho upped their price objective on shares of Pentair from $82.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. BNP Paribas initiated coverage on shares of Pentair in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 target price for the company. Finally, KeyCorp raised their price objective on Pentair from $82.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pentair currently has an average rating of “Moderate Buy” and an average target price of $89.93.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.