Equities analysts predict that Pentair PLC (NYSE:PNR) will report sales of $674.46 million for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Pentair’s earnings, with the lowest sales estimate coming in at $651.45 million and the highest estimate coming in at $695.90 million. Pentair posted sales of $799.50 million in the same quarter last year, which suggests a negative year over year growth rate of 15.6%. The firm is expected to report its next earnings results on Tuesday, July 28th.
According to Zacks, analysts expect that Pentair will report full-year sales of $2.74 billion for the current fiscal year, with estimates ranging from $2.66 billion to $2.81 billion. For the next year, analysts forecast that the business will post sales of $2.89 billion, with estimates ranging from $2.82 billion to $2.95 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Pentair.
Pentair (NYSE:PNR) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Pentair had a net margin of 12.66% and a return on equity of 22.25%. The firm had revenue of $710.00 million for the quarter, compared to the consensus estimate of $680.04 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis.
A number of equities research analysts have recently issued reports on PNR shares. Stifel Nicolaus increased their price target on shares of Pentair from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Royal Bank of Canada reissued a “hold” rating and issued a $32.00 price target on shares of Pentair in a report on Thursday, April 16th. KeyCorp upped their price objective on shares of Pentair from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Pentair from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Investment Research upgraded shares of Pentair from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research report on Wednesday, May 27th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Pentair has a consensus rating of “Buy” and a consensus target price of $41.50.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its position in Pentair by 58.0% during the first quarter. BNP Paribas Arbitrage SA now owns 134,162 shares of the industrial products company’s stock valued at $3,993,000 after acquiring an additional 49,229 shares during the last quarter. Alliancebernstein L.P. grew its position in Pentair by 72.1% during the first quarter. Alliancebernstein L.P. now owns 582,109 shares of the industrial products company’s stock valued at $17,324,000 after acquiring an additional 243,913 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Pentair in the first quarter worth approximately $2,499,000. Macquarie Group Ltd. grew its holdings in shares of Pentair by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 77,500 shares of the industrial products company’s stock worth $3,555,000 after purchasing an additional 4,451 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Pentair by 2.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 169,744 shares of the industrial products company’s stock worth $5,052,000 after purchasing an additional 4,118 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.
Shares of Pentair stock traded down $0.78 on Friday, reaching $36.98. The stock had a trading volume of 7,965 shares, compared to its average volume of 1,228,455. Pentair has a 1 year low of $22.01 and a 1 year high of $47.43. The company has a market cap of $6.20 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.76 and a beta of 1.37. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $37.95 and its two-hundred day moving average is $38.44.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, July 23rd. Pentair’s payout ratio is currently 31.93%.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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