Pool (POOL) Scheduled to Post Quarterly Earnings on Thursday

Pool (NASDAQ:POOL) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Pool has set its FY 2024 guidance at 13.100-14.100 EPS and its FY24 guidance at $13.00 to $14.00 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Pool had a net margin of 9.44% and a return on equity of 37.94%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted $1.79 earnings per share. Pool’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts expect Pool to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Pool Trading Up 1.3 %

NASDAQ:POOL opened at $365.88 on Tuesday. Pool has a 52 week low of $307.77 and a 52 week high of $422.73. The firm has a 50 day moving average of $394.15 and a 200 day moving average of $373.05. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 3.35 and a beta of 1.00.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.20%. Pool’s dividend payout ratio is currently 33.03%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $370.00 price target on shares of Pool in a report on Tuesday, March 5th. Oppenheimer raised their price target on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Loop Capital cut shares of Pool from a “buy” rating to a “hold” rating and raised their price target for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $397.80.

Insider Transactions at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.