Pool (NASDAQ:POOL) Releases FY19 Earnings Guidance

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Pool (NASDAQ:POOL) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.09-3.34 for the period, compared to the Thomson Reuters consensus estimate of $6.21. Pool also updated its FY 2019 guidance to $6.09-6.34 EPS.

Pool stock opened at $191.24 on Friday. The company has a quick ratio of 0.60, a current ratio of 2.35 and a debt-to-equity ratio of 2.30. Pool has a 12-month low of $136.83 and a 12-month high of $196.00. The company’s fifty day moving average is $187.50. The firm has a market cap of $7.50 billion, a P/E ratio of 34.03, a PEG ratio of 1.32 and a beta of 0.92.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 18th. The specialty retailer reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $3.21 by $0.01. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pool had a net margin of 8.14% and a return on equity of 82.89%. Pool’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.80 EPS. On average, analysts anticipate that Pool will post 6.1 earnings per share for the current fiscal year.

Pool announced that its Board of Directors has approved a share buyback plan on Thursday, May 2nd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the specialty retailer to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

A number of analysts have commented on POOL shares. Zacks Investment Research lowered shares of GenMark Diagnostics from a hold rating to a sell rating in a research note on Wednesday, April 24th. Stephens restated a buy rating and set a $34.00 price target on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. Finally, BidaskClub upgraded shares of Westport Fuel Systems from a hold rating to a buy rating in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $174.75.

In other news, Vice Chairman De La Mesa Manuel J. Perez sold 16,173 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $180.19, for a total value of $2,914,212.87. Following the completion of the sale, the insider now owns 65,214 shares in the company, valued at approximately $11,750,910.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman De La Mesa Manuel J. Perez sold 2,500 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $186.00, for a total transaction of $465,000.00. Following the completion of the sale, the insider now owns 62,202 shares of the company’s stock, valued at approximately $11,569,572. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,370 shares of company stock valued at $26,343,992. Company insiders own 6.00% of the company’s stock.

About Pool

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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Earnings History and Estimates for Pool (NASDAQ:POOL)

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