Pool (NASDAQ:POOL – Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, July 25th. Analysts expect the company to announce earnings of $4.89 per share for the quarter. Pool has set its FY 2024 guidance at 13.000-14.000 EPS and its FY24 guidance at $13.19-14.19 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Pool (NASDAQ:POOL – Get Free Report) last announced its quarterly 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). Pool had a net margin of 9.17% and a return on equity of 35.49%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company earned $2.46 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts expect Pool to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Pool Price Performance
POOL stock opened at $338.06 on Wednesday. The firm has a 50 day moving average of $338.22 and a 200-day moving average of $369.32. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $12.96 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 2.42 and a beta of 1.00. Pool has a 12 month low of $293.51 and a 12 month high of $422.73.
Pool Increases Dividend
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on POOL shares. Loop Capital lowered their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. Robert W. Baird lowered their price target on Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Wells Fargo & Company cut their price objective on Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Stifel Nicolaus lowered their target price on shares of Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Finally, Bank of America dropped their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $321.75.
Read 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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