Pool (NASDAQ:POOL) Releases FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 11.060-11.460 for the period, compared to the consensus earnings per share estimate of 11.610. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $10.85-11.25 EPS.

Analysts Set New Price Targets

Several research firms have recently commented on POOL. Wells Fargo & Company upped their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird increased their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer raised their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Stifel Nicolaus raised their target price on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, Loop Capital raised their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average price target of $367.89.

Pool Stock Down 3.0 %

Shares of POOL traded down $11.33 during midday trading on Friday, reaching $366.00. 296,583 shares of the stock were exchanged, compared to its average volume of 348,808. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. The firm has a 50 day simple moving average of $359.31 and a 200-day simple moving average of $353.61. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 30.90, a P/E/G ratio of 2.57 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s revenue was down 2.8% on a year-over-year basis. Research analysts forecast that Pool will post 10.98 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.31%. Pool’s payout ratio is 40.47%.

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.