Pentair (NYSE:PNR) Issues Q4 2024 Earnings Guidance

Pentair (NYSE:PNR) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.020-1.020 for the period, compared to the consensus earnings per share estimate of 1.020. The company issued revenue guidance of $965.0 million-$975.0 million, compared to the consensus revenue estimate of $989.2 million. Pentair also updated its FY 2024 guidance to 4.270-4.270 EPS.

Pentair Stock Down 0.0 %

PNR stock opened at $98.32 on Wednesday. The business’s 50 day simple moving average is $91.94 and its 200 day simple moving average is $84.63. Pentair has a 1-year low of $57.18 and a 1-year high of $99.96. The firm has a market capitalization of $16.27 billion, a PE ratio of 24.89, a PEG ratio of 1.78 and a beta of 1.20. 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 (NYSE:PNR) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The firm had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. During the same period last year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Pentair will post 4.26 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, October 18th. Pentair’s dividend payout ratio is 23.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Northcoast Research cut shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus raised their price objective on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Pentair presently has an average rating of “Moderate Buy” and a consensus target price of $97.27.

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.