Zacks: Brokerages Anticipate Leslie’s, Inc. (NASDAQ:LESL) to Announce $0.53 Earnings Per Share

Wall Street analysts forecast that Leslie’s, Inc. (NASDAQ:LESL) will report $0.53 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Leslie’s’ earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.48. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Leslie’s will report full-year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.70 to $0.81. For the next financial year, analysts expect that the business will post earnings of $0.83 per share, with EPS estimates ranging from $0.80 to $0.85. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Leslie’s.

LESL has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of Leslie’s from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, May 7th. The Goldman Sachs Group increased their target price on Leslie’s from $22.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, May 7th. Guggenheim upgraded shares of Leslie’s from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, March 9th. Telsey Advisory Group lifted their price target on shares of Leslie’s from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, May 6th. Finally, Piper Sandler upped their price objective on Leslie’s from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, May 6th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $31.17.

In other news, insider Steven M. Weddell sold 103,543 shares of the stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $25.82, for a total transaction of $2,673,480.26. Also, CEO Michael R. Egeck sold 512,930 shares of the firm’s stock in a transaction on Thursday, June 3rd. The shares were sold at an average price of $29.19, for a total transaction of $14,972,426.70. Insiders have sold a total of 736,060 shares of company stock valued at $21,136,651 in the last three months.

Several large investors have recently made changes to their positions in the stock. Greenhouse Funds LLLP increased its stake in Leslie’s by 58.8% during the first quarter. Greenhouse Funds LLLP now owns 487,299 shares of the company’s stock worth $11,934,000 after acquiring an additional 180,358 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Leslie’s during the 1st quarter valued at $261,000. Point72 Asset Management L.P. bought a new stake in Leslie’s in the first quarter worth $1,183,000. State of Wisconsin Investment Board purchased a new position in Leslie’s during the first quarter worth $237,000. Finally, Morgan Stanley increased its position in Leslie’s by 448.0% during the first quarter. Morgan Stanley now owns 221,479 shares of the company’s stock valued at $5,424,000 after acquiring an additional 181,064 shares during the last quarter. 79.65% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ LESL opened at $27.17 on Tuesday. The company’s 50-day moving average is $27.62. Leslie’s has a 52-week low of $19.15 and a 52-week high of $32.84. The stock has a market cap of $5.14 billion and a P/E ratio of 64.69.

Leslie’s Company Profile

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services, which primarily consist of maintenance items, such as chemicals, equipment and parts, and cleaning and maintenance equipment, as well as safety, recreational, and fitness-related products.

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Earnings History and Estimates for Leslie`s (NASDAQ:LESL)

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