Brokerages expect that Pool Co. (NASDAQ:POOL) will report earnings per share (EPS) of $1.77 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Pool’s earnings, with estimates ranging from $1.70 to $1.87. Pool posted earnings per share of $1.66 during the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The company is expected to report its next quarterly earnings results on Thursday, October 17th.
On average, analysts expect that Pool will report full year earnings of $5.81 per share for the current fiscal year, with EPS estimates ranging from $5.78 to $5.85. For the next fiscal year, analysts forecast that the firm will report earnings of $6.65 per share, with EPS estimates ranging from $6.46 to $6.85. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Pool.
Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.21 by $0.01. Pool had a return on equity of 82.89% and a net margin of 8.14%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted $2.80 EPS. Pool’s revenue for the quarter was up 6.0% on a year-over-year basis.
NASDAQ POOL traded down $1.11 during trading on Friday, reaching $190.00. 182,792 shares of the company’s stock were exchanged, compared to its average volume of 207,095. Pool has a fifty-two week low of $136.83 and a fifty-two week high of $204.97. The firm has a market capitalization of $7.63 billion, a PE ratio of 33.81, a P/E/G ratio of 1.40 and a beta of 0.90. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 2.30. The company’s fifty day simple moving average is $194.86 and its 200-day simple moving average is $181.39.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.16%. Pool’s payout ratio is presently 39.15%.
In other news, Vice Chairman De La Mesa Manuel J. Perez sold 14,263 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $193.96, for a total transaction of $2,766,451.48. Following the completion of the sale, the insider now directly owns 69,702 shares of the company’s stock, valued at approximately $13,519,399.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Sledd sold 8,696 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $199.09, for a total value of $1,731,286.64. Following the sale, the director now directly owns 26,837 shares of the company’s stock, valued at $5,342,978.33. The disclosure for this sale can be found here. Insiders have sold a total of 48,965 shares of company stock valued at $9,560,885 over the last ninety days. Company insiders own 6.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank raised its stake in shares of Pool by 13.0% in the 2nd quarter. Huntington National Bank now owns 521 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 60 shares in the last quarter. M&T Bank Corp increased its position in Pool by 2.3% in the 2nd quarter. M&T Bank Corp now owns 3,529 shares of the specialty retailer’s stock worth $673,000 after buying an additional 79 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Pool by 1.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,280 shares of the specialty retailer’s stock worth $1,390,000 after buying an additional 80 shares during the period. Oregon Public Employees Retirement Fund increased its position in Pool by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 16,243 shares of the specialty retailer’s stock worth $3,102,000 after buying an additional 125 shares during the period. Finally, Cambridge Trust Co. increased its position in Pool by 1.8% in the 2nd quarter. Cambridge Trust Co. now owns 7,465 shares of the specialty retailer’s stock worth $1,426,000 after buying an additional 130 shares during the period. 95.70% of the stock is 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.
See Also: P/E Growth (PEG)
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