Research Analysts Set Expectations for Pool Co.’s FY2020 Earnings (NASDAQ:POOL)

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Pool Co. (NASDAQ:POOL) – Research analysts at Jefferies Financial Group cut their FY2020 earnings per share estimates for Pool in a research report issued to clients and investors on Thursday, October 17th. Jefferies Financial Group analyst S. Volkmann now anticipates that the specialty retailer will post earnings per share of $6.50 for the year, down from their previous forecast of $6.60. Jefferies Financial Group also issued estimates for Pool’s FY2021 earnings at $7.45 EPS and FY2022 earnings at $8.50 EPS.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.17. Pool had a net margin of 8.24% and a return on equity of 82.52%. The firm had revenue of $898.50 million during the quarter, compared to analyst estimates of $883.54 million. During the same quarter last year, the business earned $1.66 EPS. The company’s revenue was up 10.7% compared to the same quarter last year.

Several other research analysts have also issued reports on POOL. BidaskClub upgraded shares of Pool from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. Sidoti downgraded shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 price objective for the company. in a research report on Friday, August 23rd. Zacks Investment Research raised shares of Pool from a “sell” rating to a “hold” rating and set a $209.00 price objective for the company in a research report on Monday, August 12th. Robert W. Baird raised their price objective on shares of Pool from $192.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stephens raised their price objective on shares of Pool from $187.00 to $196.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $212.50.

Pool stock opened at $217.46 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.97 and a current ratio of 2.68. Pool has a 52-week low of $136.83 and a 52-week high of $228.19. The firm has a 50 day moving average price of $198.49 and a two-hundred day moving average price of $188.48. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 1.44 and a beta of 0.88.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CX Institutional grew its position in Pool by 45.5% in the 3rd quarter. CX Institutional now owns 176 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 55 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Pool in the 2nd quarter valued at $38,000. Stonebridge Capital Advisors LLC acquired a new stake in Pool in the 2nd quarter valued at $38,000. Steward Partners Investment Advisory LLC acquired a new stake in Pool in the 2nd quarter valued at $40,000. Finally, Kavar Capital Partners LLC acquired a new stake in Pool in the 2nd quarter valued at $43,000. 94.27% of the stock is owned by institutional investors and hedge funds.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 7,643 shares of Pool stock in a transaction on Monday, July 29th. The shares were sold at an average price of $192.60, for a total value of $1,472,041.80. Following the completion of the sale, the insider now owns 64,145 shares of the company’s stock, valued at approximately $12,354,327. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Peter D. Arvan purchased 300 shares of Pool stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $187.93 per share, with a total value of $56,379.00. Following the transaction, the chief executive officer now owns 38,733 shares in the company, valued at approximately $7,279,092.69. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 48,965 shares of company stock valued at $9,560,885. Insiders own 6.00% of the company’s stock.

Pool Company Profile

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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