Pentair (NYSE:PNR) Issues Q4 2024 Earnings Guidance

Pentair (NYSE:PNR) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.020-1.020 for the period, compared to the consensus EPS estimate of 1.020. The company issued revenue guidance of $965.0 million-$975.0 million, compared to the consensus revenue estimate of $989.2 million. Pentair also updated its FY 2024 guidance to 4.270-4.270 EPS.

Pentair Price Performance

Pentair stock opened at $98.36 on Tuesday. The firm has a market cap of $16.33 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.77 and a beta of 1.20. Pentair has a 52-week low of $57.18 and a 52-week high of $99.95. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $91.67 and its two-hundred day moving average is $84.53.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that Pentair will post 4.26 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, October 18th. Pentair’s dividend payout ratio (DPR) is 24.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PNR shares. KeyCorp increased their target price on shares of Pentair from $97.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on shares of Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Oppenheimer raised their price objective on shares of Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.93.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.