Analysts expect Pentair PLC (NYSE:PNR) to post $0.55 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Pentair’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.54. Pentair posted earnings per share of $0.54 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The business is scheduled to announce its next earnings results on Tuesday, October 22nd.
On average, analysts expect that Pentair will report full-year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.35. For the next financial year, analysts forecast that the company will post earnings of $2.58 per share, with EPS estimates ranging from $2.47 to $2.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Pentair.
Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The firm had revenue of $799.50 million for the quarter, compared to analyst estimates of $790.62 million. Pentair had a net margin of 12.54% and a return on equity of 21.15%. Pentair’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS.
A number of brokerages have recently issued reports on PNR. ValuEngine upgraded shares of Pentair from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley raised their price target on shares of Pentair from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Pentair presently has an average rating of “Hold” and an average price target of $45.17.
A number of institutional investors have recently bought and sold shares of the stock. Treasurer of the State of North Carolina increased its holdings in Pentair by 8.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 86,863 shares of the industrial products company’s stock valued at $3,231,000 after purchasing an additional 6,990 shares during the last quarter. BlackRock Inc. increased its holdings in Pentair by 19.2% in the 2nd quarter. BlackRock Inc. now owns 16,039,343 shares of the industrial products company’s stock valued at $596,665,000 after purchasing an additional 2,582,896 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Pentair by 23.7% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 6,571 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 1,260 shares during the last quarter. Tortoise Index Solutions LLC increased its holdings in Pentair by 23.2% in the 2nd quarter. Tortoise Index Solutions LLC now owns 5,021 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 945 shares during the last quarter. Finally, UBS Group AG increased its holdings in Pentair by 17.3% in the 2nd quarter. UBS Group AG now owns 354,494 shares of the industrial products company’s stock valued at $13,187,000 after purchasing an additional 52,187 shares during the last quarter. Hedge funds and other institutional investors own 85.76% of the company’s stock.
PNR stock traded down $0.09 during mid-day trading on Monday, reaching $38.00. The company’s stock had a trading volume of 199,097 shares, compared to its average volume of 1,588,194. The stock has a market cap of $6.30 billion, a PE ratio of 16.17, a P/E/G ratio of 3.01 and a beta of 1.18. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.67. Pentair has a fifty-two week low of $34.50 and a fifty-two week high of $45.99. The company’s 50 day moving average is $36.77 and its two-hundred day moving average is $38.51.
Pentair Company Profile
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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