Pool (NASDAQ:POOL) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Pool (NASDAQ:POOL) released its quarterly earnings results on Thursday. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02), Briefing.com reports. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. Pool’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. 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 NASDAQ POOL traded up $1.17 during mid-day trading on Friday, hitting $371.17. The stock had a trading volume of 435,131 shares, compared to its average volume of 331,048. The firm has a market cap of $14.29 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. 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 business has a 50 day moving average price of $393.10 and a two-hundred day moving average price of $373.55. Pool has a 1 year low of $307.77 and a 1 year high of $422.73.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio is 33.03%.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s 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 completion of the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

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

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.