Pool (POOL) Scheduled to Post Earnings on Thursday

Pool (NASDAQ:POOL) will issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $3.19 per share for the quarter. Pool has set its FY24 guidance at $11.05-11.45 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm earned $5.89 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts expect Pool to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Pool Price Performance

Shares of Pool stock opened at $371.98 on Thursday. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool has a 52 week low of $293.51 and a 52 week high of $422.73. The stock’s 50-day simple moving average is $356.96 and its 200-day simple moving average is $354.55. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.68 and a beta of 1.01.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on POOL. Loop Capital reduced their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Bank of America decreased their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Stifel Nicolaus upped their price objective on Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Oppenheimer lifted their price objective on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Pool currently has an average rating of “Hold” and a consensus price target of $357.89.

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.