Pool Corporation (POOL) Expected to Post Quarterly Sales of $728.64 Million
Equities analysts predict that Pool Corporation (NASDAQ:POOL) will report $728.64 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Pool Corporation’s earnings. The highest sales estimate is $731.50 million and the lowest is $726.85 million. Pool Corporation reported sales of $691.43 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The business is scheduled to report its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that Pool Corporation will report full year sales of $728.64 million for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post sales of $2.91 billion per share, with estimates ranging from $2.88 billion to $2.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Pool Corporation.
Pool Corporation (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by $0.03. Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The company had revenue of $988.16 million during the quarter. During the same period in the previous year, the company earned $1.98 EPS. Pool Corporation’s quarterly revenue was up 7.5% compared to the same quarter last year.
POOL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Tuesday, July 25th. Johnson Rice raised shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. Finally, BidaskClub lowered shares of Pool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $125.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POOL. First Quadrant L P CA increased its stake in Pool Corporation by 48.6% in the first quarter. First Quadrant L P CA now owns 219,833 shares of the specialty retailer’s stock valued at $26,233,000 after buying an additional 71,858 shares in the last quarter. Acadian Asset Management LLC increased its stake in Pool Corporation by 900.7% in the first quarter. Acadian Asset Management LLC now owns 4,213 shares of the specialty retailer’s stock valued at $502,000 after buying an additional 3,792 shares in the last quarter. Profund Advisors LLC increased its stake in Pool Corporation by 3.3% in the first quarter. Profund Advisors LLC now owns 5,668 shares of the specialty retailer’s stock valued at $676,000 after buying an additional 182 shares in the last quarter. Fisher Asset Management LLC increased its stake in Pool Corporation by 2.1% in the first quarter. Fisher Asset Management LLC now owns 704,481 shares of the specialty retailer’s stock valued at $84,066,000 after buying an additional 14,550 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Pool Corporation by 5.1% in the first quarter. Nationwide Fund Advisors now owns 377,725 shares of the specialty retailer’s stock valued at $45,074,000 after buying an additional 18,197 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
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Pool Corporation (NASDAQ POOL) opened at 107.61 on Thursday. The firm has a 50-day moving average of $114.43 and a 200 day moving average of $116.51. The firm has a market cap of $4.44 billion, a P/E ratio of 27.97 and a beta of 0.91. Pool Corporation has a 1-year low of $88.65 and a 1-year high of $124.26.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.48 annualized dividend and a yield of 1.38%. Pool Corporation’s dividend payout ratio is presently 38.74%.
Pool Corporation declared that its board has authorized a stock buyback plan on Wednesday, May 3rd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
About Pool Corporation
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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