Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Pool Corporation (POOL) Stock Price
Media headlines about Pool Corporation (NASDAQ:POOL) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pool Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 46.3511546683276 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
POOL has been the topic of several research reports. Zacks Investment Research lowered shares of Pool Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Johnson Rice upgraded shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a research note 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 investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $125.67.
Pool Corporation (NASDAQ:POOL) traded down 1.00% during midday trading on Thursday, reaching $107.38. 229,816 shares of the company traded hands. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 27.91 and a beta of 0.91. Pool Corporation has a 12 month low of $88.64 and a 12 month high of $124.25. The firm’s 50 day moving average price is $112.13 and its 200 day moving average price is $116.51.
Pool Corporation (NASDAQ:POOL) last issued its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share 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 business had revenue of $988.16 million for the quarter. During the same quarter in the prior year, the business posted $1.98 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts expect 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 repurchase plan on Wednesday, May 3rd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, August 7th. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. Pool Corporation’s dividend payout ratio (DPR) is currently 38.74%.
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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