Pool (POOL) Issues FY19 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $6.09-6.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.21.

Shares of NASDAQ POOL traded up $1.85 during trading on Friday, hitting $184.17. 124,276 shares of the company traded hands, compared to its average volume of 224,866. Pool has a 1 year low of $136.83 and a 1 year high of $186.50. The stock has a market capitalization of $7.25 billion, a PE ratio of 32.77, a P/E/G ratio of 1.28 and a beta of 0.95. The company has a quick ratio of 0.60, a current ratio of 1.96 and a debt-to-equity ratio of 3.01.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.05). Pool had a net margin of 7.83% and a return on equity of 79.99%. The company had revenue of $597.50 million for the quarter, compared to analysts’ expectations of $608.36 million. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts expect that Pool will post 6.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.19%. This is a boost from Pool’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 16th. Pool’s dividend payout ratio is 32.03%.

Pool announced that its Board of Directors has authorized a share repurchase program on Thursday, May 2nd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the specialty retailer to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

A number of analysts recently weighed in on POOL shares. BidaskClub cut shares of Pool from a buy rating to a hold rating in a research report on Wednesday, January 16th. ValuEngine cut shares of Pool from a buy rating to a hold rating in a research report on Friday, February 15th. Zacks Investment Research cut shares of Pool from a buy rating to a hold rating in a research report on Monday, February 18th. Robert W. Baird raised shares of Pool from a neutral rating to an outperform rating and upped their price objective for the company from $160.00 to $177.00 in a research report on Friday, February 22nd. Finally, Stephens set a $186.00 price objective on shares of Pool and gave the company a hold rating in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $171.20.

In other news, VP Arthur D. Cook sold 1,900 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $158.37, for a total value of $300,903.00. Following the sale, the vice president now owns 77,492 shares in the company, valued at approximately $12,272,408.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Arthur D. Cook sold 10,550 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $159.38, for a total transaction of $1,681,459.00. Following the completion of the sale, the vice president now owns 49,042 shares in the company, valued at approximately $7,816,313.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 277,731 shares of company stock valued at $47,431,537. 6.00% of the stock is currently owned by corporate insiders.

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About Pool

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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Earnings History and Estimates for Pool (NASDAQ:POOL)

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