Pool (NASDAQ:POOL – Get Free Report) released its quarterly earnings data on Thursday. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02), Briefing.com reports. Pool had a net margin of 9.44% and a return on equity of 37.94%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company earned $2.46 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. Pool updated its FY 2024 guidance to 13.000-14.000 EPS and its FY24 guidance to $13.19-14.19 EPS.
Pool Trading Up 0.3 %
Shares of POOL stock traded up $1.17 during trading hours on Friday, hitting $371.17. 437,342 shares of the company were exchanged, compared to its average volume of 332,308. The firm has a market cap of $14.29 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.60 and a beta of 1.00. Pool has a fifty-two week low of $307.77 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36. The company has a 50 day simple moving average of $393.10 and a two-hundred day simple moving average of $373.55.
Pool Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is 33.03%.
Insider Activity at Pool
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Oppenheimer increased their target price on shares of Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus reissued a “hold” rating and set a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. Finally, Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and increased their target price for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus price target of $397.80.
Read Our Latest Analysis 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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