Brokerages Expect Pool (POOL) Will Post Quarterly Sales of $586.69 Million

Analysts expect Pool (NASDAQ:POOL) to report $586.69 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Pool’s earnings. The lowest sales estimate is $586.22 million and the highest is $587.40 million. Pool posted sales of $546.44 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The business is expected to report its next earnings results before the market opens on Thursday, April 19th.

According to Zacks, analysts expect that Pool will report full year sales of $2.99 billion for the current year, with estimates ranging from $2.96 billion to $3.01 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.19 billion per share, with estimates ranging from $3.16 billion to $3.23 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Pool.

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Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 19th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.62). Pool had a net margin of 6.87% and a return on equity of 70.46%.

Several equities analysts have weighed in on the company. BidaskClub lowered Pool from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research raised Pool from a “hold” rating to a “buy” rating and set a $161.00 price objective for the company in a report on Thursday, February 22nd. ValuEngine raised Pool from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Robert W. Baird reissued a “buy” rating and set a $158.00 price objective on shares of Pool in a report on Friday, February 16th. Finally, Stephens set a $160.00 price objective on Pool and gave the company a “hold” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $152.50.

In other Pool news, VP Arthur D. Cook sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.00, for a total transaction of $7,104,000.00. Following the sale, the vice president now owns 103,633 shares in the company, valued at $15,337,684. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Romain Kenneth G. St sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $145.96, for a total value of $5,838,400.00. Following the sale, the insider now owns 105,308 shares in the company, valued at approximately $15,370,755.68. The disclosure for this sale can be found here. Insiders have sold 128,000 shares of company stock worth $18,685,004 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in shares of Pool during the fourth quarter valued at about $144,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Pool by 42.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,446 shares of the specialty retailer’s stock valued at $188,000 after buying an additional 434 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Pool during the fourth quarter valued at about $220,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Pool during the fourth quarter valued at about $229,000. Finally, Eagle Boston Investment Management Inc. bought a new position in shares of Pool during the fourth quarter valued at about $246,000. Institutional investors and hedge funds own 95.29% of the company’s stock.

POOL stock opened at $145.48 on Monday. Pool has a 12-month low of $97.25 and a 12-month high of $150.26. The company has a market capitalization of $5,918.73, a PE ratio of 36.46 and a beta of 0.81. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.43 and a quick ratio of 0.76.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.02%. Pool’s payout ratio is 37.09%.

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Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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