Pool (POOL) Releases FY18 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.36-5.61 for the period, compared to the Thomson Reuters consensus estimate of $4.73.

Several brokerages have weighed in on POOL. BidaskClub upgraded shares of Pool from a hold rating to a buy rating in a research note on Saturday, February 10th. Robert W. Baird raised their price target on shares of Pool from $125.00 to $131.00 and gave the stock an outperform rating in a report on Friday, October 20th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of $127.25.

Pool (POOL) opened at $134.27 on Thursday. The stock has a market cap of $5,238.96, a price-to-earnings ratio of 34.06 and a beta of 0.91. Pool has a fifty-two week low of $97.25 and a fifty-two week high of $136.72. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The business had revenue of $510.20 million during the quarter. Pool had a net margin of 6.19% and a return on equity of 69.28%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. sell-side analysts expect that Pool will post 4.07 EPS for the current year.

In other Pool news, Director Robert C. Sledd sold 7,200 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $131.02, for a total value of $943,344.00. Following the completion of the transaction, the director now owns 23,814 shares of the company’s stock, valued at $3,120,110.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.00% of the company’s stock.

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About Pool

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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