Pool (NASDAQ:POOL – Get Free Report) announced its earnings results on Thursday. The specialty retailer reported $4.99 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09, Briefing.com reports. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned $5.89 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. Pool updated its FY24 guidance to $11.05-11.45 EPS.
Pool Price Performance
POOL traded up $11.88 on Friday, hitting $371.82. 787,168 shares of the company were exchanged, compared to its average volume of 481,398. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.56 and a current ratio of 2.48. The business’s fifty day moving average is $336.23 and its 200 day moving average is $368.62. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The firm has a market capitalization of $14.25 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.
Pool Increases Dividend
The business also recently announced 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. This represents a $4.80 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s dividend payout ratio is presently 37.56%.
Wall Street Analysts Forecast Growth
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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