Pool (NASDAQ:POOL) Issues FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 13.000-14.000 for the period, compared to the consensus EPS estimate of 13.150. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $11.04-$11.44 EPS.

Analysts Set New Price Targets

Several research firms have weighed in on POOL. Stifel Nicolaus dropped their target price on Pool from $370.00 to $360.00 and set a hold rating for the company in a research report on Monday, April 29th. Oppenheimer decreased their price objective on Pool from $416.00 to $356.00 and set an outperform rating for the company in a research note on Tuesday. Wells Fargo & Company decreased their price objective on Pool from $360.00 to $290.00 and set an equal weight rating for the company in a research note on Tuesday. Bank of America decreased their price objective on Pool from $338.00 to $290.00 and set an underperform rating for the company in a research note on Tuesday. Finally, Robert W. Baird decreased their price objective on Pool from $380.00 to $305.00 and set a neutral rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Pool currently has an average rating of Hold and an average target price of $328.00.

Pool Price Performance

POOL stock opened at $312.28 on Thursday. The business has a 50 day moving average price of $357.56 and a 200 day moving average price of $378.61. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 3.75 and a beta of 1.02. Pool has a fifty-two week low of $299.24 and a fifty-two week high of $422.73. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 EPS. Equities research analysts anticipate that Pool will post 11.24 earnings per share for the current fiscal year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $1.20 per share. This is a positive change from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 annualized dividend and a yield of 1.54%. Pool’s payout ratio is 37.56%.

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.