Pool (NASDAQ:POOL) Updates FY21 Earnings Guidance


Share on StockTwits

Pool (NASDAQ:POOL) updated its FY21 earnings guidance on Thursday. The company provided earnings per share guidance of $11.85-12.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.45.

A number of research firms have commented on POOL. Loop Capital upped their price target on Pool from $390.00 to $405.00 and gave the company a hold rating in a research report on Tuesday. Zacks Investment Research downgraded Pool from a buy rating to a hold rating and set a $362.00 target price for the company. in a report on Wednesday, March 17th. Finally, Jefferies Financial Group lifted their price target on shares of Pool from $350.00 to $400.00 and gave the company a hold rating in a report on Friday, January 15th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $322.00.

Shares of NASDAQ POOL traded up $32.51 during mid-day trading on Thursday, hitting $418.18. 7,153 shares of the stock traded hands, compared to its average volume of 353,006. The company has a market cap of $16.79 billion, a price-to-earnings ratio of 48.33 and a beta of 0.72. The stock has a fifty day moving average price of $350.07 and a 200-day moving average price of $351.44. Pool has a 52 week low of $183.02 and a 52 week high of $401.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 2.21.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Wednesday, February 10th. The specialty retailer reported $1.45 EPS for the quarter, beating the consensus estimate of $0.77 by $0.68. The business had revenue of $839.26 million during the quarter, compared to analyst estimates of $709.02 million. Pool had a return on equity of 70.48% and a net margin of 8.85%. As a group, sell-side analysts predict that Pool will post 8.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, March 10th. Pool’s payout ratio is currently 39.79%.

In other Pool news, CEO Peter D. Arvan bought 500 shares of the firm’s stock in a transaction on Friday, March 5th. The stock was acquired at an average price of $316.03 per share, with a total value of $158,015.00. Following the completion of the purchase, the chief executive officer now owns 59,683 shares of the company’s stock, valued at $18,861,618.49. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Pool Company Profile

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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

Featured Article: What does RSI mean?

Earnings History and Estimates for Pool (NASDAQ:POOL)

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.