Pool (NASDAQ:POOL) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.09-6.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.24. Pool also updated its FY19 guidance to $6.09-3.34 EPS.

NASDAQ:POOL traded up $2.11 during mid-day trading on Friday, reaching $190.77. The company’s stock had a trading volume of 1,232 shares, compared to its average volume of 212,369. Pool has a 12-month low of $136.83 and a 12-month high of $196.00. The firm’s fifty day simple moving average is $187.21. The company has a current ratio of 1.96, a quick ratio of 0.60 and a debt-to-equity ratio of 3.01. The stock has a market capitalization of $7.31 billion, a PE ratio of 34.19, a P/E/G ratio of 1.30 and a beta of 0.92.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.21 by $0.01. Pool had a return on equity of 79.99% and a net margin of 7.83%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $2.80 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Pool will post 6.03 EPS for the current year.

Pool announced that its board has authorized a stock buyback plan on Thursday, May 2nd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

A number of analysts have weighed in on the company. Zacks Investment Research lowered GenMark Diagnostics from a hold rating to a sell rating in a research note on Wednesday, April 24th. BidaskClub raised Westport Fuel Systems from a hold rating to a buy rating in a research report on Friday, July 12th. Finally, Stephens reaffirmed a buy rating and set a $34.00 price objective on shares of Guaranty Bancshares in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $174.75.

In other news, insider Romain Kenneth G. St sold 23,194 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $185.27, for a total transaction of $4,297,152.38. Following the completion of the transaction, the insider now directly owns 113,721 shares of the company’s stock, valued at approximately $21,069,089.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman De La Mesa Manuel J. Perez sold 16,173 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $180.19, for a total value of $2,914,212.87. Following the transaction, the insider now directly owns 65,214 shares of the company’s stock, valued at $11,750,910.66. The disclosure for this sale can be found here. Insiders sold 143,370 shares of company stock worth $26,343,992 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

About Pool

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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Earnings History and Estimates for Pool (NASDAQ:POOL)

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