$0.25 Earnings Per Share Expected for Leslie’s, Inc. (NASDAQ:LESL) This Quarter

Equities research analysts forecast that Leslie’s, Inc. (NASDAQ:LESL) will report earnings of $0.25 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Leslie’s’ earnings. The lowest EPS estimate is $0.23 and the highest is $0.28. Leslie’s reported earnings of $0.28 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.7%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Leslie’s will report full-year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.83 to $0.87. For the next year, analysts expect that the business will post earnings of $0.90 per share, with EPS estimates ranging from $0.78 to $1.03. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Leslie’s.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Wednesday, August 4th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The firm had revenue of $596.50 million for the quarter, compared to analysts’ expectations of $571.81 million. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share.

Several equities analysts have recently issued reports on the stock. Bank of America upgraded shares of Leslie’s from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, August 6th. They noted that the move was a valuation call. Jefferies Financial Group assumed coverage on shares of Leslie’s in a report on Thursday, August 5th. They set a “buy” rating and a $39.00 price objective on the stock. Loop Capital upgraded shares of Leslie’s from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Friday, August 20th. Zacks Investment Research downgraded shares of Leslie’s from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Finally, Stifel Nicolaus assumed coverage on shares of Leslie’s in a report on Thursday, September 9th. They set a “buy” rating and a $28.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $32.00.

In other news, CRO Paula Baker sold 2,832 shares of the firm’s stock in a transaction that occurred on Tuesday, June 29th. The shares were sold at an average price of $26.81, for a total transaction of $75,925.92. Following the sale, the executive now owns 151,171 shares of the company’s stock, valued at approximately $4,052,894.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael R. Egeck sold 28,164 shares of the firm’s stock in a transaction that occurred on Tuesday, June 29th. The stock was sold at an average price of $26.81, for a total transaction of $755,076.84. Following the sale, the chief executive officer now directly owns 1,503,139 shares in the company, valued at approximately $40,299,156.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,791,198 shares of company stock worth $256,313,908.

Large investors have recently made changes to their positions in the company. Sandy Spring Bank purchased a new position in shares of Leslie’s during the 2nd quarter valued at approximately $27,000. American International Group Inc. lifted its position in shares of Leslie’s by 48.0% during the 1st quarter. American International Group Inc. now owns 1,194 shares of the company’s stock valued at $29,000 after buying an additional 387 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Leslie’s during the 2nd quarter valued at approximately $49,000. Macquarie Group Ltd. purchased a new position in shares of Leslie’s during the 2nd quarter valued at approximately $104,000. Finally, PNC Managed Account Solutions Inc. purchased a new position in shares of Leslie’s during the 2nd quarter valued at approximately $130,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Shares of LESL stock traded down $0.12 during mid-day trading on Wednesday, hitting $21.76. 1,412,627 shares of the stock traded hands, compared to its average volume of 1,825,093. 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 $4.13 billion and a P/E ratio of 32.00. The stock’s fifty day moving average is $23.97 and its two-hundred day moving average is $25.60.

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.

Further Reading: Death Cross

Get a free copy of the Zacks research report on Leslie’s (LESL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Leslie's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leslie's and related companies with MarketBeat.com's FREE daily email newsletter.