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 $13.19-14.19 for the period, compared to the consensus estimate of $13.27. Pool also updated its FY 2024 guidance to 13.000-14.000 EPS.

Pool Stock Up 0.3 %

Shares of POOL stock traded up $1.17 during trading on Friday, hitting $371.17. 437,342 shares of the company were exchanged, compared to its average volume of 372,053. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.58 and a current ratio of 1.88. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 3.53 and a beta of 1.00. The business’s 50-day simple moving average is $392.78 and its 200 day simple moving average is $373.76. Pool has a twelve month low of $307.77 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. Pool’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 earnings per share. As a group, analysts forecast that Pool will post 13.27 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio is currently 34.43%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on POOL shares. Stifel Nicolaus reaffirmed a hold rating and set a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Loop Capital cut shares of Pool from a buy rating to a hold rating and upped their target price for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Oppenheimer upped their target price on shares of Pool from $407.00 to $436.00 and gave the company an outperform rating in a research note on Thursday, March 28th. Finally, TheStreet cut shares of Pool from a b rating to a c+ rating in a research note on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $397.80.

Insider Transactions at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

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.