Pentair plc (NYSE:PNR) Expected to Announce Earnings of $0.84 Per Share

Wall Street analysts expect that Pentair plc (NYSE:PNR) will announce earnings of $0.84 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Pentair’s earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.82. Pentair reported earnings of $0.70 per share during the same quarter last year, which indicates a positive year over year growth rate of 20%. The business is scheduled to announce its next earnings results on Tuesday, October 19th.

On average, analysts expect that Pentair will report full-year earnings of $3.39 per share for the current financial year, with EPS estimates ranging from $3.31 to $3.43. For the next financial year, analysts forecast that the company will report earnings of $3.70 per share, with EPS estimates ranging from $3.42 to $3.90. Zacks’ EPS averages are an average based on a survey of analysts that cover Pentair.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 27th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. Pentair had a net margin of 13.95% and a return on equity of 23.69%. The company had revenue of $941.10 million during the quarter, compared to the consensus estimate of $912.55 million. During the same period last year, the firm earned $0.59 EPS. The company’s revenue for the quarter was up 31.9% on a year-over-year basis.

A number of research analysts have recently weighed in on PNR shares. Boenning Scattergood started coverage on shares of Pentair in a research note on Tuesday, July 13th. They set an “outperform” rating and a $100.00 price objective for the company. Citigroup raised their price objective on shares of Pentair from $81.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Royal Bank of Canada raised their price objective on shares of Pentair from $70.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Friday, June 11th. Rosenblatt Securities raised their price objective on shares of Pentair from $87.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Finally, Cowen lifted their target price on shares of Pentair from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, June 17th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.86.

Shares of PNR traded up $1.94 during mid-day trading on Friday, reaching $77.90. 13,656 shares of the company’s stock were exchanged, compared to its average volume of 1,061,811. The company has a quick ratio of 0.69, a current ratio of 1.19 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $74.81 and a two-hundred day simple moving average of $68.25. Pentair has a 52-week low of $44.07 and a 52-week high of $80.40. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.54 and a beta of 1.17.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citigroup Inc. grew its stake in shares of Pentair by 22.4% during the 1st quarter. Citigroup Inc. now owns 263,588 shares of the industrial products company’s stock valued at $16,427,000 after buying an additional 48,192 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Pentair by 5.0% during the 1st quarter. Baird Financial Group Inc. now owns 317,740 shares of the industrial products company’s stock valued at $19,801,000 after acquiring an additional 15,110 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Pentair by 51.1% during the 1st quarter. Stephens Inc. AR now owns 25,381 shares of the industrial products company’s stock valued at $1,582,000 after acquiring an additional 8,589 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Pentair by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 2,890,445 shares of the industrial products company’s stock valued at $179,664,000 after acquiring an additional 20,538 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Pentair by 278.0% during the 1st quarter. Allianz Asset Management GmbH now owns 45,529 shares of the industrial products company’s stock valued at $2,837,000 after acquiring an additional 33,485 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

About Pentair

Pentair Plc engages in the provision of water solutions for residential, commercial, industrial, infrastructure, and agriculture applications. Its portfolio of solutions enables people, businesses, and industries to access clean, safe water, reduce water consumption, and recover and reuse it. The firm operates through the following business segments: Consumer Solutions and Industrial & Flow Technologies.

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Earnings History and Estimates for Pentair (NYSE:PNR)

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