Pool (NASDAQ:POOL) Updates FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 11.060-11.460 for the period, compared to the consensus EPS estimate of 11.610. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $10.85-11.25 EPS.

Pool Trading Down 3.0 %

NASDAQ:POOL opened at $366.00 on Friday. The stock has a fifty day simple moving average of $359.72 and a 200 day simple moving average of $353.07. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01. Pool has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. Sell-side analysts forecast that Pool will post 10.98 earnings per share for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio is currently 40.47%.

Wall Street Analyst Weigh In

POOL has been the topic of a number of research reports. Oppenheimer upped their target price on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. The Goldman Sachs Group increased their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird increased their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus target price of $367.89.

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.