Pool (NASDAQ:POOL) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Pool (NASDAQ:POOL) released its quarterly earnings data on Thursday. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02), Briefing.com reports. Pool had a net margin of 9.44% and a return on equity of 37.94%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company earned $2.46 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. Pool updated its FY 2024 guidance to 13.000-14.000 EPS and its FY24 guidance to $13.19-14.19 EPS.

Pool Trading Up 0.3 %

Shares of POOL stock traded up $1.17 during trading hours on Friday, hitting $371.17. 437,342 shares of the company were exchanged, compared to its average volume of 332,308. The firm has a market cap of $14.29 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.60 and a beta of 1.00. Pool has a fifty-two week low of $307.77 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36. The company has a 50 day simple moving average of $393.10 and a two-hundred day simple moving average of $373.55.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is 33.03%.

Insider Activity at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Oppenheimer increased their target price on shares of Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus reissued a “hold” rating and set a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. Finally, Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and increased their target price for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus price target of $397.80.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.