Wall Street brokerages expect Pool Co. (NASDAQ:POOL) to post $1.16 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Pool’s earnings. The highest sales estimate is $1.17 billion and the lowest is $1.13 billion. Pool posted sales of $1.06 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.4%. The firm is expected to report its next earnings results before the market opens on Thursday, July 18th.
On average, analysts expect that Pool will report full year sales of $3.24 billion for the current financial year, with estimates ranging from $3.21 billion to $3.27 billion. For the next financial year, analysts anticipate that the business will post sales of $3.49 billion, with estimates ranging from $3.44 billion to $3.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Pool.
Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05). The business had revenue of $597.50 million during the quarter, compared to the consensus estimate of $608.36 million. Pool had a return on equity of 79.99% and a net margin of 7.83%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share.
Shares of Pool stock traded down $1.37 during trading on Thursday, reaching $181.66. The company’s stock had a trading volume of 11,691 shares, compared to its average volume of 215,679. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.60 and a current ratio of 1.96. The stock has a fifty day moving average price of $186.57. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. Pool has a one year low of $136.83 and a one year high of $193.43.
Pool announced that its board has authorized a share repurchase program on Thursday, May 2nd that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, Vice Chairman De La Mesa Manuel J. Perez sold 2,500 shares of Pool stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $186.00, for a total transaction of $465,000.00. Following the sale, the insider now directly owns 62,202 shares of the company’s stock, valued at $11,569,572. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Hart Melanie Housey sold 1,600 shares of Pool stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $185.20, for a total value of $296,320.00. Following the sale, the vice president now directly owns 11,884 shares in the company, valued at $2,200,916.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,370 shares of company stock worth $26,343,992. 6.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Executive Wealth Management LLC acquired a new stake in Pool during the fourth quarter valued at approximately $51,000. Carroll Financial Associates Inc. boosted its holdings in Pool by 544.6% during the second quarter. Carroll Financial Associates Inc. now owns 419 shares of the specialty retailer’s stock valued at $80,000 after purchasing an additional 354 shares in the last quarter. Advisors Preferred LLC acquired a new stake in Pool during the first quarter valued at approximately $77,000. Bessemer Group Inc. boosted its holdings in Pool by 81.2% during the fourth quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock valued at $77,000 after purchasing an additional 233 shares in the last quarter. Finally, Manchester Capital Management LLC acquired a new stake in Pool during the first quarter valued at approximately $94,000. 95.29% of the stock is currently owned by institutional investors.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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