Pool (NASDAQ:POOL) Announces Earnings Results, Misses Estimates By $0.02 EPS

Pool (NASDAQ:POOL) released its quarterly earnings results on Thursday. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02), Briefing.com reports. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.46 EPS. Pool updated its FY 2024 guidance to 13.000-14.000 EPS and its FY24 guidance to $13.19-14.19 EPS.

Pool Stock Performance

POOL traded up $1.17 during trading on Friday, reaching $371.17. 435,131 shares of the company’s stock were exchanged, compared to its average volume of 331,048. The company has a market capitalization of $14.29 billion, a P/E ratio of 27.94, a PEG ratio of 3.60 and a beta of 1.00. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $393.10 and a 200 day moving average price of $373.55. Pool has a fifty-two week low of $307.77 and a fifty-two week high of $422.73.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.19%. Pool’s payout ratio is 33.03%.

Analysts Set New Price Targets

POOL has been the topic of a number of research reports. Oppenheimer upped their target price on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 price target on shares of Pool in a research note on Tuesday, March 5th. Loop Capital lowered shares of Pool from a “buy” rating to a “hold” rating and lifted their price objective for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, TheStreet cut Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $397.80.

Insider Activity

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.