Zacks: Analysts Anticipate Pentair PLC (PNR) Will Post Quarterly Sales of $792.38 Million

Equities research analysts expect that Pentair PLC (NYSE:PNR) will announce $792.38 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Pentair’s earnings, with the lowest sales estimate coming in at $790.00 million and the highest estimate coming in at $800.60 million. Pentair reported sales of $780.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The firm is expected to announce its next earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Pentair will report full-year sales of $3.01 billion for the current financial year, with estimates ranging from $3.00 billion to $3.04 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.14 billion, with estimates ranging from $3.11 billion to $3.19 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Pentair.

Pentair (NYSE:PNR) last issued its earnings results on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $689.90 million for the quarter, compared to analyst estimates of $795.82 million. Pentair had a net margin of 10.13% and a return on equity of 21.45%. Pentair’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share.

Several research analysts have weighed in on PNR shares. Oppenheimer restated a “hold” rating on shares of Pentair in a report on Thursday, February 14th. BMO Capital Markets lowered their price objective on shares of Pentair to $39.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Cowen restated an “outperform” rating and set a $45.00 price objective (down previously from $52.00) on shares of Pentair in a report on Monday, April 22nd. ValuEngine downgraded shares of Pentair from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.10.

NYSE PNR traded up $0.65 on Monday, hitting $36.25. 1,336,104 shares of the company were exchanged, compared to its average volume of 1,745,455. The firm has a market cap of $6.23 billion, a PE ratio of 15.43, a P/E/G ratio of 2.68 and a beta of 1.17. Pentair has a 12 month low of $35.28 and a 12 month high of $45.99. The company has a quick ratio of 1.18, a current ratio of 1.77 and a debt-to-equity ratio of 0.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, July 18th. This represents a $0.72 annualized dividend and a yield of 1.99%. Pentair’s payout ratio is 30.64%.

In other news, SVP Ademir Sarcevic sold 2,435 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.00, for a total value of $109,575.00. Following the completion of the sale, the senior vice president now owns 2,763 shares in the company, valued at $124,335. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in PNR. Norges Bank purchased a new stake in shares of Pentair in the fourth quarter valued at about $66,268,000. Impax Asset Management Group plc raised its holdings in shares of Pentair by 73.9% in the fourth quarter. Impax Asset Management Group plc now owns 3,386,199 shares of the industrial products company’s stock valued at $127,931,000 after purchasing an additional 1,438,974 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Pentair by 292.7% in the fourth quarter. Two Sigma Advisers LP now owns 893,550 shares of the industrial products company’s stock valued at $33,758,000 after purchasing an additional 666,000 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Pentair by 3,459.9% in the first quarter. SG Americas Securities LLC now owns 661,794 shares of the industrial products company’s stock valued at $29,456,000 after purchasing an additional 643,204 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Pentair by 242.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 890,811 shares of the industrial products company’s stock valued at $39,650,000 after purchasing an additional 630,836 shares during the last quarter. Institutional investors own 89.04% of the company’s stock.

About Pentair

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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