Analysts Anticipate Pentair PLC (NYSE:PNR) Will Post Earnings of $0.55 Per Share

Brokerages expect that Pentair PLC (NYSE:PNR) will post earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Pentair’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.54. Pentair reported earnings of $0.54 per share during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that Pentair will report full-year earnings of $2.32 per share for the current financial year, with EPS estimates ranging from $2.17 to $2.35. For the next year, analysts expect that the firm will report earnings of $2.58 per share, with EPS estimates ranging from $2.44 to $2.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Pentair.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Pentair had a net margin of 12.54% and a return on equity of 21.15%. The company had revenue of $799.50 million for the quarter, compared to analysts’ expectations of $790.62 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis.

A number of research firms have weighed in on PNR. BMO Capital Markets cut 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. ValuEngine raised shares of Pentair from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Cowen reissued 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. Finally, Morgan Stanley raised their price objective on shares of Pentair from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Pentair currently has an average rating of “Hold” and a consensus target price of $45.17.

PNR stock traded down $1.03 during midday trading on Friday, reaching $37.64. 40,400 shares of the company were exchanged, compared to its average volume of 1,383,312. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.67. Pentair has a 1-year low of $34.72 and a 1-year high of $45.99. The company’s 50-day moving average price is $37.51. The company has a market capitalization of $6.54 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.91%. Pentair’s payout ratio is 30.64%.

Institutional investors have recently made changes to their positions in the company. Horan Capital Advisors LLC. acquired a new position in shares of Pentair in the 1st quarter valued at $31,000. Personal Wealth Partners acquired a new position in shares of Pentair in the 2nd quarter valued at $40,000. Twin Tree Management LP acquired a new position in shares of Pentair in the 1st quarter valued at $49,000. Huntington National Bank increased its holdings in shares of Pentair by 25.0% in the 2nd quarter. Huntington National Bank now owns 1,519 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 304 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Pentair in the 2nd quarter valued at $65,000. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Pentair Company Profile

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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Earnings History and Estimates for Pentair (NYSE:PNR)

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