Q2 2024 EPS Estimates for Pool Co. (NASDAQ:POOL) Decreased by William Blair

Pool Co. (NASDAQ:POOL) – Analysts at William Blair reduced their Q2 2024 EPS estimates for shares of Pool in a research note issued to investors on Tuesday, June 25th. William Blair analyst R. Merkel now expects that the specialty retailer will post earnings of $4.90 per share for the quarter, down from their prior forecast of $6.11. The consensus estimate for Pool’s current full-year earnings is $11.24 per share. William Blair also issued estimates for Pool’s Q3 2024 earnings at $3.23 EPS, Q4 2024 earnings at $1.08 EPS, FY2024 earnings at $11.06 EPS and FY2025 earnings at $13.80 EPS.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for 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%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 EPS.

A number of other analysts have also recently weighed in on POOL. Loop Capital lowered their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday. Wells Fargo & Company decreased their price objective on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Robert W. Baird decreased their price objective on shares of Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a research note on Tuesday. Stifel Nicolaus decreased their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Finally, Stephens decreased their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $328.00.

Pool Stock Performance

NASDAQ POOL opened at $312.28 on Thursday. The stock has a market cap of $11.97 billion, a P/E ratio of 24.44, a PEG ratio of 3.75 and a beta of 1.02. The company’s 50-day simple moving average is $357.56 and its 200 day simple moving average is $378.61. Pool has a twelve month low of $299.24 and a twelve month high of $422.73. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Pool by 4.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the specialty retailer’s stock valued at $588,000 after acquiring an additional 61 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Pool by 4.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,893 shares of the specialty retailer’s stock valued at $12,292,000 after acquiring an additional 1,349 shares during the period. Aurora Investment Counsel grew its position in shares of Pool by 0.7% in the 1st quarter. Aurora Investment Counsel now owns 4,988 shares of the specialty retailer’s stock valued at $2,013,000 after acquiring an additional 37 shares during the period. EULAV Asset Management grew its position in shares of Pool by 10.3% in the 1st quarter. EULAV Asset Management now owns 187,261 shares of the specialty retailer’s stock valued at $75,560,000 after acquiring an additional 17,500 shares during the period. Finally, Cetera Advisors LLC grew its position in shares of Pool by 123.9% in the 1st quarter. Cetera Advisors LLC now owns 1,939 shares of the specialty retailer’s stock valued at $782,000 after acquiring an additional 1,073 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a $1.20 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.54%. This is an increase from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio (DPR) is 37.56%.

Pool Company Profile

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.