Pool (NASDAQ:POOL) Updates FY 2019 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $6.09-6.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.24. Pool also updated its FY19 guidance to $6.09-3.34 EPS.

Several research firms have weighed in on POOL. BidaskClub upgraded Westport Fuel Systems from a hold rating to a buy rating in a research report on Friday, July 12th. Stephens reiterated a buy rating and set a $34.00 price objective on shares of Guaranty Bancshares in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research cut GenMark Diagnostics from a hold rating to a sell rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Pool has a consensus rating of Hold and a consensus target price of $174.75.

POOL opened at $191.24 on Friday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 1.32 and a beta of 0.92. Pool has a 52-week low of $136.83 and a 52-week high of $196.00. The company has a current ratio of 2.35, a quick ratio of 0.60 and a debt-to-equity ratio of 2.30. The stock’s fifty day moving average is $187.50.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Pool had a return on equity of 82.89% and a net margin of 8.14%. Pool’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.80 EPS. As a group, equities analysts anticipate that Pool will post 6.1 EPS for the current year.

Pool announced that its board has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $186.00, for a total value of $465,000.00. Following the sale, the insider now directly owns 62,202 shares of the company’s stock, valued at $11,569,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 16,173 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $180.19, for a total value of $2,914,212.87. Following the completion of the sale, the insider now directly owns 65,214 shares in the company, valued at $11,750,910.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,370 shares of company stock worth $26,343,992. 6.00% of the stock is currently owned by insiders.

Pool Company Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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Earnings History and Estimates for Pool (NASDAQ:POOL)

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