Pool (NASDAQ:POOL) Issues FY24 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $13.19-14.19 for the period, compared to the consensus estimate of $13.27. Pool also updated its FY 2024 guidance to 13.000-14.000 EPS.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of Pool from $407.00 to $436.00 and gave the company an outperform rating in a research note on Thursday, March 28th. Stifel Nicolaus restated a hold rating and set a $370.00 price objective on shares of Pool in a research report on Tuesday, March 5th. TheStreet downgraded shares of Pool from a b rating to a c+ rating in a research report on Thursday, February 22nd. Finally, Loop Capital downgraded shares of Pool from a buy rating to a hold rating and raised their price objective for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $397.80.

Pool Price Performance

Shares of NASDAQ POOL traded up $1.17 during midday trading on Friday, reaching $371.17. The company’s stock had a trading volume of 437,342 shares, compared to its average volume of 332,308. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36. Pool has a fifty-two week low of $307.77 and a fifty-two week high of $422.73. The business’s 50 day moving average price is $393.10 and its two-hundred day moving average price is $373.55. The company 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 (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business earned $2.46 earnings per share. On average, analysts forecast that Pool will post 13.27 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid 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 yield of 1.19%. Pool’s dividend payout ratio (DPR) is 33.03%.

Insider Activity at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now 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 accessible through this link. 3.00% of the stock is currently owned by insiders.

Pool Company Profile

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.