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.
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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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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