Pool (NASDAQ:POOL) Releases FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 13.000-14.000 for the period, compared to the consensus earnings per share estimate of 13.270. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $13.19-14.19 EPS.

Pool Trading Down 2.0 %

NASDAQ POOL traded down $7.39 during trading on Thursday, hitting $370.00. 1,065,523 shares of the company’s stock traded hands, compared to its average volume of 330,995. The stock has a fifty day moving average of $393.49 and a two-hundred day moving average of $373.57. Pool has a 12-month low of $307.77 and a 12-month high of $422.73. The firm has a market cap of $14.24 billion, a P/E ratio of 27.78, a PEG ratio of 3.58 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.36 and a quick ratio of 0.58.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. Pool’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 EPS. As a group, sell-side analysts expect that Pool will post 13.27 EPS for the current year.

Pool Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares in the company, valued at approximately $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Pool Company Profile

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.