Pentair (PNR) to Release Quarterly Earnings on Tuesday

Pentair (NYSE:PNR) is expected to be posting its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect Pentair to post earnings of $1.01 per share and revenue of $988.38 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter last year, the company earned $0.87 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts expect Pentair to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Pentair Trading Up 0.7 %

Shares of PNR opened at $82.74 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.87 and a beta of 1.13. Pentair has a 52-week low of $72.63 and a 52-week high of $110.71. The stock has a fifty day moving average price of $89.22 and a two-hundred day moving average price of $97.67.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Stifel Nicolaus reduced their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Barclays lowered their price objective on Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.87.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.