Pentair (NYSE:PNR – Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02, Briefing.com reports. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The company had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year.
Pentair Stock Down 0.4 %
PNR stock traded down $0.42 during mid-day trading on Wednesday, hitting $97.90. 276,160 shares of the company were exchanged, compared to its average volume of 1,554,531. The firm has a fifty day simple moving average of $91.94 and a 200 day simple moving average of $84.63. The company has a market capitalization of $16.20 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.20. Pentair has a twelve month low of $57.18 and a twelve month high of $99.96. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.
Pentair Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.23 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.94%. Pentair’s dividend payout ratio is presently 23.29%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on PNR
Pentair Company Profile
Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.
Recommended Stories
- Five stocks we like better than Pentair
- What is the FTSE 100 index?
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What are earnings reports?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- How to Calculate Options Profits
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.