Pool (NASDAQ:POOL – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $10.85-11.25 for the period, compared to the consensus earnings per share estimate of $11.04. Pool also updated its FY 2024 guidance to 11.060-11.460 EPS.
Pool Stock Down 3.0 %
POOL stock traded down $11.33 during mid-day trading on Friday, reaching $366.00. 296,583 shares of the company traded hands, compared to its average volume of 348,808. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 30.90, a P/E/G ratio of 2.57 and a beta of 1.01. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The firm’s 50 day moving average price is $359.31 and its 200 day moving average price is $353.61.
Pool (NASDAQ:POOL – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the business earned $3.50 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that Pool will post 10.98 EPS for the current fiscal year.
Pool Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer lifted their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Stifel Nicolaus lifted their price target on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Loop Capital lifted their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus price target of $367.89.
View Our Latest Research Report on Pool
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.
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