Pool Corporation (POOL) Earning Somewhat Favorable Media Coverage, Analysis Shows
Headlines about Pool Corporation (NASDAQ:POOL) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pool Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the specialty retailer an impact score of 46.3960518677301 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- $728.64 Million in Sales Expected for Pool Corporation (NASDAQ:POOL) This Quarter (americanbankingnews.com)
- Pool Corporation (NASDAQ:POOL) Trading Volume Significantly Higher (highlightpress.com)
- Pool Corporation (POOL) Position Down in Latest Report from Neuberger Berman Group LLC Last Quarter (highlightpress.com)
- Pool Corporation (POOL) Expected to Post Earnings of $1.18 Per Share (americanbankingnews.com)
- This is what Mark Carney knows but dare not say out loud (businessinsider.com)
A number of research firms have weighed in on POOL. BidaskClub upgraded Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded Pool Corporation from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Friday, June 16th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $125.67.
Pool Corporation (POOL) opened at 108.53 on Friday. The stock’s 50 day moving average price is $113.60 and its 200 day moving average price is $116.46. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 28.21 and a beta of 0.91. Pool Corporation has a 52 week low of $88.65 and a 52 week high of $124.26.
Pool Corporation (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by $0.03. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The company had revenue of $988.16 million for the quarter. During the same quarter last year, the business posted $1.98 EPS. Pool Corporation’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts forecast that Pool Corporation will post $4.21 earnings per share for the current year.
Pool Corporation announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 3rd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.48 annualized dividend and a yield of 1.36%. Pool Corporation’s dividend payout ratio (DPR) is 38.74%.
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Pool Corporation Company Profile
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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