Analysts Expect Leslie’s, Inc. (NASDAQ:LESL) Will Post Earnings of -$0.03 Per Share

Brokerages expect Leslie’s, Inc. (NASDAQ:LESLGet Rating) to announce earnings of ($0.03) per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Leslie’s’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.08). Leslie’s reported earnings of ($0.01) per share in the same quarter last year, which would suggest a negative year over year growth rate of 200%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Leslie’s will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.99 to $1.06. For the next fiscal year, analysts forecast that the company will report earnings of $1.15 per share, with EPS estimates ranging from $1.12 to $1.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Leslie’s.

Leslie’s (NASDAQ:LESLGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The company reported ($0.06) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The business had revenue of $184.82 million for the quarter, compared to analysts’ expectations of $165.64 million. During the same period in the previous year, the business posted ($0.17) earnings per share.

A number of analysts recently commented on the company. Zacks Investment Research downgraded Leslie’s from a “hold” rating to a “sell” rating in a research report on Thursday. The Goldman Sachs Group raised Leslie’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $27.00 in a research report on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Leslie’s has a consensus rating of “Buy” and a consensus target price of $30.92.

In other Leslie’s news, insider Steven M. Weddell acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 8th. The stock was bought at an average price of $19.80 per share, with a total value of $495,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael R. Egeck acquired 101,700 shares of the company’s stock in a transaction that occurred on Tuesday, February 8th. The shares were acquired at an average cost of $19.66 per share, with a total value of $1,999,422.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in Leslie’s by 3.7% during the third quarter. Principal Financial Group Inc. now owns 11,957 shares of the company’s stock valued at $246,000 after buying an additional 431 shares during the period. Stephens Inc. AR lifted its stake in Leslie’s by 7.9% during the third quarter. Stephens Inc. AR now owns 7,331 shares of the company’s stock worth $151,000 after purchasing an additional 535 shares during the last quarter. Amalgamated Bank lifted its stake in Leslie’s by 2.6% during the third quarter. Amalgamated Bank now owns 21,480 shares of the company’s stock worth $441,000 after purchasing an additional 554 shares during the last quarter. Voya Financial Advisors Inc. lifted its stake in Leslie’s by 6.6% during the third quarter. Voya Financial Advisors Inc. now owns 11,495 shares of the company’s stock worth $232,000 after purchasing an additional 713 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Leslie’s by 1.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 41,600 shares of the company’s stock worth $854,000 after purchasing an additional 725 shares during the last quarter.

Shares of LESL traded down $0.44 on Friday, reaching $19.60. 1,476,221 shares of the company’s stock traded hands, compared to its average volume of 1,594,208. The stock has a market cap of $3.58 billion, a PE ratio of 26.85, a PEG ratio of 2.19 and a beta of 0.82. The stock’s 50 day simple moving average is $20.37 and its two-hundred day simple moving average is $21.14. Leslie’s has a 52-week low of $18.14 and a 52-week high of $31.55.

Leslie’s Company Profile (Get Rating)

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.

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