Pool (NASDAQ:POOL) Issues FY24 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $10.85-11.25 for the period, compared to the consensus estimate of $11.04. Pool also updated its FY 2024 guidance to 11.060-11.460 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Loop Capital boosted their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday. Robert W. Baird boosted their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price objective on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $367.89.

Pool Price Performance

POOL traded down $11.33 during midday trading on Friday, hitting $366.00. The stock had a trading volume of 296,583 shares, compared to its average volume of 348,808. The company has a market cap of $14.00 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01. The business has a fifty day moving average of $359.31 and a 200 day moving average of $353.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool has a 1 year low of $293.51 and a 1 year high of $422.73.

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

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 40.47%.

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.