Pool (NASDAQ:POOL) Issues FY24 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $13.19-14.19 for the period, compared to the consensus EPS estimate of $13.27. Pool also updated its FY 2024 guidance to 13.000-14.000 EPS.

Pool Stock Up 0.3 %

POOL stock opened at $371.17 on Friday. Pool has a twelve month low of $307.77 and a twelve month high of $422.73. The company has a market cap of $14.29 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The business’s 50-day simple moving average is $392.78 and its 200 day simple moving average is $373.92. The company has a quick ratio of 0.58, a current ratio of 1.88 and a debt-to-equity ratio of 0.70.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $2.46 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, research analysts anticipate that Pool will post 13.26 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio is 34.43%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Oppenheimer raised their price target on shares of Pool from $407.00 to $436.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. TheStreet cut shares of Pool from a b rating to a c+ rating in a research note on Thursday, February 22nd. Stifel Nicolaus restated a hold rating and set a $370.00 price target on shares of Pool in a research note on Tuesday, March 5th. 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 research note on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $397.80.

Insider Activity

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

About Pool

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.