Pool Corporation (NASDAQ:POOL) – Research analysts at William Blair reduced their Q3 2017 earnings estimates for Pool Corporation in a research note issued to investors on Monday. William Blair analyst R. Merkel now forecasts that the specialty retailer will post earnings per share of $1.16 for the quarter, down from their prior forecast of $1.18. William Blair also issued estimates for Pool Corporation’s Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $4.06 EPS and FY2018 earnings at $4.76 EPS.
Pool Corporation (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.03). Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The business had revenue of $988.16 million during the quarter. During the same quarter in the previous year, the business posted $1.98 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “William Blair Research Analysts Cut Earnings Estimates for Pool Corporation (POOL)” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/09/20/william-blair-research-analysts-cut-earnings-estimates-for-pool-corporation-pool.html.
Other equities analysts also recently issued research reports about the company. Sidoti raised Pool Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $119.00 to $131.00 in a research report on Friday, September 15th. Zacks Investment Research cut Pool Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub upgraded Pool Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $127.00.
Pool Corporation (NASDAQ:POOL) opened at 106.90 on Wednesday. The stock has a 50 day moving average price of $104.62 and a 200 day moving average price of $115.15. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 27.79 and a beta of 0.92. Pool Corporation has a 52 week low of $88.65 and a 52 week high of $124.26.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Monday, August 7th. Pool Corporation’s dividend payout ratio (DPR) is 38.74%.
Hedge funds have recently bought and sold shares of the company. Karp Capital Management Corp acquired a new stake in shares of Pool Corporation during the first quarter worth $1,525,000. Eagle Asset Management Inc. boosted its holdings in shares of Pool Corporation by 11.0% during the second quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock worth $132,306,000 after purchasing an additional 111,250 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Pool Corporation by 2.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 557,931 shares of the specialty retailer’s stock worth $65,596,000 after purchasing an additional 13,478 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Pool Corporation by 12,429.3% during the first quarter. BlackRock Inc. now owns 3,260,758 shares of the specialty retailer’s stock worth $389,106,000 after purchasing an additional 3,234,733 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Pool Corporation by 10.6% during the second quarter. Handelsbanken Fonder AB now owns 385,000 shares of the specialty retailer’s stock worth $45,264,000 after purchasing an additional 37,000 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.
About Pool Corporation
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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