Brokerages expect Pool Co. (NASDAQ:POOL) to announce sales of $1.17 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Pool’s earnings, with estimates ranging from $1.16 billion to $1.17 billion. Pool posted sales of $1.06 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.4%. The business is expected to announce its next earnings results before the market opens on Thursday, July 18th.
On average, analysts expect that Pool will report full year sales of $3.25 billion for the current fiscal year, with estimates ranging from $3.25 billion to $3.27 billion. For the next year, analysts forecast that the company will report sales of $3.49 billion, with estimates ranging from $3.44 billion to $3.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pool.
Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.05). Pool had a net margin of 7.83% and a return on equity of 79.99%. The company had revenue of $597.50 million for the quarter, compared to the consensus estimate of $608.36 million. During the same period in the prior year, the company earned $0.75 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis.
A number of research firms have recently weighed in on POOL. BidaskClub downgraded shares of Pool from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 12th. Stephens set a $186.00 target price on shares of Pool and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research downgraded shares of Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $174.75.
Pool stock opened at $192.58 on Thursday. Pool has a twelve month low of $136.83 and a twelve month high of $193.43. The company’s 50 day moving average is $186.19. The company has a market cap of $7.65 billion, a P/E ratio of 35.27, a P/E/G ratio of 1.35 and a beta of 0.92. The company has a quick ratio of 0.60, a current ratio of 1.96 and a debt-to-equity ratio of 3.01.
Pool declared that its board has authorized a share buyback plan on Thursday, May 2nd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
In related news, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.01, for a total value of $1,860,100.00. Following the completion of the transaction, the insider now directly owns 69,702 shares of the company’s stock, valued at approximately $12,965,269.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Romain Kenneth G. St sold 36,806 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $185.15, for a total transaction of $6,814,630.90. Following the completion of the transaction, the insider now directly owns 131,960 shares of the company’s stock, valued at $24,432,394. The disclosure for this sale can be found here. Insiders have sold a total of 143,370 shares of company stock valued at $26,343,992 over the last three months. Insiders own 6.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in POOL. Vanguard Group Inc boosted its holdings in Pool by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 3,392,184 shares of the specialty retailer’s stock worth $566,088,000 after buying an additional 57,784 shares during the period. LPL Financial LLC boosted its holdings in Pool by 14.6% in the 4th quarter. LPL Financial LLC now owns 4,308 shares of the specialty retailer’s stock worth $640,000 after buying an additional 550 shares during the period. Private Advisor Group LLC boosted its holdings in Pool by 6.7% in the 4th quarter. Private Advisor Group LLC now owns 5,391 shares of the specialty retailer’s stock worth $801,000 after buying an additional 339 shares during the period. AlphaCrest Capital Management LLC bought a new position in Pool in the 4th quarter worth approximately $282,000. Finally, Advisor Group Inc. boosted its holdings in Pool by 6.7% in the 4th quarter. Advisor Group Inc. now owns 4,824 shares of the specialty retailer’s stock worth $718,000 after buying an additional 302 shares during the period. 95.29% of the stock is owned by institutional investors.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
Read More: Arbitrage
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.