Pool (POOL) Scheduled to Post Quarterly Earnings on Thursday

Pool (NASDAQ:POOL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Pool to post earnings of $1.86 per share for the quarter. Pool has set its FY 2024 guidance at 13.100-14.100 EPS and its FY24 guidance at $13.00 to $14.00 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Pool had a net margin of 9.44% and a return on equity of 37.94%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $1.79 EPS. The business’s revenue was down 8.5% compared to the same quarter last year. On average, analysts expect Pool to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Pool Stock Performance

NASDAQ:POOL opened at $365.88 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $394.15 and a two-hundred day moving average price of $373.05. Pool has a twelve month low of $307.77 and a twelve month high of $422.73. The company has a market capitalization of $14.08 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 3.35 and a beta of 1.00.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.20%. Pool’s dividend payout ratio (DPR) is currently 33.03%.

Insider Transactions at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

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