Pool (NASDAQ:POOL) Issues FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 13.000-14.000 for the period, compared to the consensus EPS estimate of 13.150. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $11.04-$11.44 EPS.

Pool Stock Performance

Shares of NASDAQ POOL opened at $337.91 on Tuesday. Pool has a 12-month low of $308.45 and a 12-month high of $422.73. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.02. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $359.78 and a 200 day moving average of $379.38.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company posted $2.46 earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, research analysts anticipate that Pool will post 13.02 earnings per share for the current year.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $1.20 per share. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio is currently 37.56%.

Analysts Set New Price Targets

POOL has been the subject of a number of research reports. Loop Capital reduced their target price on shares of Pool from $415.00 to $370.00 and set a hold rating for the company in a report on Tuesday, June 18th. Oppenheimer dropped their price target on shares of Pool from $436.00 to $416.00 and set an outperform rating for the company in a research report on Monday, April 29th. Finally, Stifel Nicolaus dropped their price target on shares of Pool from $370.00 to $360.00 and set a hold rating for the company in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $382.80.

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.