Pentair (NYSE:PNR) Releases Earnings Results, Beats Expectations By $0.04 EPS

Pentair (NYSE:PNR) released its earnings results on Tuesday. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04, Briefing.com reports. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. Pentair’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share.

Pentair Stock Up 0.7 %

Shares of NYSE:PNR opened at $78.99 on Thursday. The company has a fifty day moving average of $80.19 and a 200-day moving average of $71.79. The company has a market capitalization of $13.11 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.90. Pentair has a 52-week low of $52.28 and a 52-week high of $85.81.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.16%. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PNR. Stifel Nicolaus lifted their target price on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $91.00 price target on shares of Pentair in a research report on Friday, March 22nd. Barclays boosted their price target on Pentair from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday. Mizuho boosted their price target on Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Oppenheimer boosted their price target on Pentair from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.93.

About Pentair

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.