Pool (NASDAQ:POOL) Issues FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 13.000-14.000 for the period, compared to the consensus estimate of 13.270. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $13.19-14.19 EPS.

Pool Trading Up 0.3 %

NASDAQ:POOL traded up $1.17 during mid-day trading on Friday, hitting $371.17. 437,342 shares of the company’s stock were exchanged, compared to its average volume of 332,308. Pool has a fifty-two week low of $307.77 and a fifty-two week high of $422.73. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $14.29 billion, a P/E ratio of 27.94, a PEG ratio of 3.60 and a beta of 1.00. The company has a 50 day simple moving average of $393.10 and a 200-day simple moving average of $373.55.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a net margin of 9.44% and a return on equity of 37.94%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business posted $2.46 EPS. Pool’s revenue was down 7.1% on a year-over-year basis. As a group, research analysts expect that Pool will post 13.27 earnings per share for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.19%. Pool’s dividend payout ratio (DPR) is presently 33.03%.

Wall Street Analyst Weigh In

A number of research firms recently commented on POOL. TheStreet lowered Pool from a b rating to a c+ rating in a research note on Thursday, February 22nd. Oppenheimer boosted their price target on shares of Pool from $407.00 to $436.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Loop Capital lowered shares of Pool from a buy rating to a hold rating and upped their price objective for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, Stifel Nicolaus reissued a hold rating and set a $370.00 target price on shares of Pool in a research note on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $397.80.

Insider Transactions at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares of the company’s stock, valued at $3,457,422. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

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.