Pool (NASDAQ:POOL) Updates FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY 2024 earnings guidance on Monday 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 13.150. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $11.04-$11.44 EPS.

Pool Stock Performance

POOL opened at $312.28 on Thursday. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 3.75 and a beta of 1.02. The company’s 50 day moving average is $357.56 and its 200 day moving average is $378.61. Pool has a 12-month low of $299.24 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.46 EPS. On average, equities research analysts predict that Pool will post 11.24 EPS for the current year.

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $1.20 dividend. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.54%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Analysts Set New Price Targets

POOL has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Pool from $360.00 to $290.00 and set an equal weight rating on the stock in a report on Tuesday. Robert W. Baird lowered their price target on shares of Pool from $380.00 to $305.00 and set a neutral rating on the stock in a report on Tuesday. Stifel Nicolaus lowered their price target on shares of Pool from $370.00 to $360.00 and set a hold rating on the stock in a report on Monday, April 29th. Loop Capital lowered their price target on shares of Pool from $370.00 to $305.00 and set a hold rating on the stock in a report on Tuesday. Finally, Stephens lowered their price target on shares of Pool from $425.00 to $350.00 and set an overweight rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $328.00.

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.