Pool (NASDAQ:POOL) Releases FY24 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY24 earnings guidance on Thursday morning. 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.

Pool Trading Down 0.0 %

NASDAQ POOL opened at $350.68 on Thursday. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 2.72 and a beta of 1.01. Pool has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The business’s fifty day moving average is $358.70 and its 200-day moving average is $353.44.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.89 EPS. Equities research analysts predict that Pool will post 10.98 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced 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 1.37%. The ex-dividend date was Thursday, August 15th. Pool’s payout ratio is 40.47%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price target on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Stifel Nicolaus boosted their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $357.89.

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.