Pentair plc (NYSE:PNR) Expected to Announce Earnings of $0.62 Per Share

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Analysts expect Pentair plc (NYSE:PNR) to announce $0.62 earnings per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Pentair’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.55. Pentair posted earnings of $0.68 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.8%. The company is scheduled to issue its next earnings report on Tuesday, January 26th.

According to Zacks, analysts expect that Pentair will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.36 to $2.50. For the next fiscal year, analysts expect that the company will report earnings of $2.69 per share, with EPS estimates ranging from $2.52 to $2.82. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Pentair.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, October 20th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.19. Pentair had a return on equity of 20.80% and a net margin of 11.58%. The firm had revenue of $799.00 million for the quarter, compared to the consensus estimate of $679.77 million. During the same period in the previous year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis.

Several research analysts recently weighed in on the company. KeyCorp downgraded Pentair from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, October 14th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price target on Pentair from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 16th. Stifel Nicolaus lifted their price target on Pentair from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Jefferies Financial Group lifted their price target on Pentair from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Finally, Royal Bank of Canada lifted their price target on Pentair from $39.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.60.

PNR stock traded down $0.28 on Friday, hitting $49.47. 15,679 shares of the company’s stock were exchanged, compared to its average volume of 1,264,102. Pentair has a 12-month low of $22.01 and a 12-month high of $52.87. The firm has a 50 day moving average price of $47.44 and a two-hundred day moving average price of $41.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.33. The stock has a market cap of $8.28 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 3.26 and a beta of 1.35.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, October 22nd. This represents a $0.76 annualized dividend and a yield of 1.54%. Pentair’s dividend payout ratio (DPR) is currently 31.93%.

In other Pentair news, Director David A. /Wi Jones sold 10,532 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $51.75, for a total transaction of $545,031.00. Following the completion of the sale, the director now directly owns 19,696 shares in the company, valued at approximately $1,019,268. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.88% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of PNR. Private Advisor Group LLC purchased a new stake in Pentair during the 2nd quarter worth approximately $26,000. Ameritas Investment Company LLC purchased a new stake in shares of Pentair in the first quarter valued at approximately $28,000. Signaturefd LLC grew its position in shares of Pentair by 48.0% in the second quarter. Signaturefd LLC now owns 725 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 235 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Pentair in the second quarter valued at approximately $44,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Pentair by 218.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,175 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 806 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

About Pentair

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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Earnings History and Estimates for Pentair (NYSE:PNR)

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