Leslie’s (NASDAQ:LESL) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Leslie’s (NASDAQ:LESL) issued its quarterly earnings results on Thursday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02), Zacks reports. Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%.

Leslie’s Stock Performance

Shares of NASDAQ LESL traded up $0.02 during midday trading on Thursday, reaching $2.24. 6,293,978 shares of the stock were exchanged, compared to its average volume of 5,101,844. Leslie’s has a twelve month low of $1.91 and a twelve month high of $8.21. The stock has a market capitalization of $414.87 million, a P/E ratio of -18.67 and a beta of 1.10. The company has a 50 day simple moving average of $2.24 and a 200 day simple moving average of $2.67.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LESL shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $3.75 target price on shares of Leslie’s in a report on Thursday, January 30th. Robert W. Baird dropped their price objective on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. William Blair reissued a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Finally, Mizuho dropped their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.49.

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. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.