Pool (NASDAQ:POOL) Issues Earnings Results, Beats Expectations By $0.11 EPS

Pool (NASDAQ:POOL) posted its quarterly earnings results on Thursday. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11, Briefing.com reports. 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 company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.50 earnings per share. Pool updated its FY 2024 guidance to 11.060-11.460 EPS and its FY24 guidance to $10.85-11.25 EPS.

Pool Trading Down 3.0 %

Shares of POOL stock traded down $11.20 on Friday, hitting $366.13. The stock had a trading volume of 103,447 shares, compared to its average volume of 347,875. 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 twelve month low of $293.51 and a twelve month high of $422.73. The company has a fifty day moving average price of $359.31 and a two-hundred day moving average price of $353.61. The firm has a market cap of $14.01 billion, a P/E ratio of 31.82, a PEG ratio of 2.57 and a beta of 1.01.

Pool Announces Dividend

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

Analyst Upgrades and Downgrades

POOL has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer boosted their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Robert W. Baird upped their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Stifel Nicolaus boosted their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company upped their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $357.89.

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.