Leslie’s (NASDAQ:LESL) Issues FY24 Earnings Guidance

Leslie’s (NASDAQ:LESL) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.03-$0.09 for the period, compared to the consensus estimate of $0.08. The company issued revenue guidance of $1.321-$1.347 billion, compared to the consensus revenue estimate of $1.35 billion.

Analysts Set New Price Targets

A number of research firms have issued reports on LESL. Mizuho reduced their price target on Leslie’s from $6.00 to $4.00 and set a neutral rating on the stock in a research report on Tuesday. Telsey Advisory Group dropped their price objective on shares of Leslie’s from $6.00 to $4.00 and set a market perform rating on the stock in a research report on Thursday, July 18th. Bank of America reduced their price objective on shares of Leslie’s from $6.40 to $5.15 and set a buy rating on the stock in a report on Thursday, July 18th. Piper Sandler dropped their target price on Leslie’s from $6.00 to $3.00 and set a neutral rating on the stock in a report on Thursday, July 18th. Finally, Stifel Nicolaus downgraded Leslie’s from a hold rating to a sell rating and decreased their price target for the stock from $5.25 to $2.50 in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $3.96.

Leslie’s Stock Performance

NASDAQ LESL traded down $0.27 during trading hours on Wednesday, hitting $2.76. The company had a trading volume of 5,500,801 shares, compared to its average volume of 4,070,158. The business has a 50 day moving average of $3.99 and a 200-day moving average of $5.41. The company has a market cap of $509.89 million, a PE ratio of 34.63, a price-to-earnings-growth ratio of 4.51 and a beta of 1.16. Leslie’s has a 1-year low of $2.42 and a 1-year high of $8.21.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.18). The firm had revenue of $188.66 million during the quarter, compared to analysts’ expectations of $202.69 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. Sell-side analysts expect that Leslie’s will post 0.07 earnings per share for the current fiscal year.

About Leslie’s

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.