Pool (NASDAQ:POOL) Issues FY24 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $10.85-11.25 for the period, compared to the consensus EPS estimate of $11.04. Pool also updated its FY 2024 guidance to 11.060-11.460 EPS.

Pool Stock Performance

POOL stock opened at $366.00 on Friday. The stock’s 50 day simple moving average is $359.72 and its 200 day simple moving average is $353.07. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. The stock has a market capitalization of $14.00 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 earnings per share. As a group, research analysts forecast that Pool will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.31%. Pool’s payout ratio is presently 40.47%.

Analysts Set New Price Targets

Several research firms have recently commented on POOL. Oppenheimer raised their price objective on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group increased their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Loop Capital raised their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday. Stifel Nicolaus increased their price target on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $367.89.

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.