Pentair PLC. (PNR) Set to Announce Quarterly Earnings on Tuesday
Pentair PLC. (NYSE:PNR) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Pentair PLC. has set its Q3 guidance at $0.91-0.93 EPS and its FY17 guidance at ~$3.50 EPS.
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. On average, analysts expect Pentair PLC. to post $3.51 EPS for the current fiscal year and $3.93 EPS for the next fiscal year.
Shares of Pentair PLC. (NYSE:PNR) opened at 71.17 on Monday. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $71.36. The company has a market cap of $12.92 billion, a PE ratio of 20.95 and a beta of 1.41. The firm’s 50 day moving average is $67.21 and its 200-day moving average is $65.14.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Stockholders of record on Friday, October 20th will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, October 19th. Pentair PLC.’s dividend payout ratio (DPR) is currently 40.71%.
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Several analysts have recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and set a $67.00 price objective on shares of Pentair PLC. in a research report on Wednesday, October 4th. BidaskClub cut shares of Pentair PLC. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Robert W. Baird restated a “hold” rating and set a $70.00 price objective on shares of Pentair PLC. in a research report on Wednesday, October 4th. Finally, Wolfe Research assumed coverage on shares of Pentair PLC. in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $68.15.
In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $67.00, for a total value of $348,400.00. Following the sale, the director now owns 21,538 shares of the company’s stock, valued at approximately $1,443,046. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.90% of the stock is owned by company insiders.
Pentair PLC. Company Profile
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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