Pool (NASDAQ:POOL) Updates FY24 Earnings Guidance

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

Pool Trading Up 0.3 %

Shares of NASDAQ:POOL traded up $1.17 during midday trading on Friday, hitting $371.17. 437,342 shares of the stock were exchanged, compared to its average volume of 372,053. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 3.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.58 and a current ratio of 1.88. The business’s 50-day moving average price is $392.78 and its 200 day moving average price is $373.76. Pool has a 12 month low of $307.77 and a 12 month high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 earnings per share. Analysts predict that Pool will post 13.27 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued 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 currently 34.43%.

Wall Street Analyst Weigh In

Several analysts recently commented on POOL shares. TheStreet cut Pool from a b rating to a c+ rating in a report on Thursday, February 22nd. Oppenheimer upped their target price on Pool from $407.00 to $436.00 and gave the company an outperform rating in a report on Thursday, March 28th. Stifel Nicolaus reiterated a hold rating and issued a $370.00 target price on shares of Pool in a report on Tuesday, March 5th. Finally, Loop Capital cut Pool from a buy rating to a hold rating and upped their target price for the company from $380.00 to $415.00 in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $397.80.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

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.