Pool (NASDAQ:POOL) Releases Earnings Results, Beats Estimates By $0.11 EPS

Pool (NASDAQ:POOL) issued its quarterly earnings data on Thursday. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11, Briefing.com reports. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 EPS. Pool updated its FY 2024 guidance to 11.060-11.460 EPS and its FY24 guidance to $10.85-11.25 EPS.

Pool Trading Down 3.0 %

Shares of NASDAQ POOL traded down $11.33 during midday trading on Friday, hitting $366.00. The stock had a trading volume of 308,849 shares, compared to its average volume of 348,867. The company has a fifty day moving average price of $359.31 and a 200 day moving average price of $353.61. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 2.57 and a beta of 1.01. Pool has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is currently 40.47%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Robert W. Baird lifted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Loop Capital upped their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $367.89.

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.