Pool (NASDAQ:POOL) Posts Earnings Results

Pool (NASDAQ:POOL) released its quarterly earnings results on Thursday. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09, Briefing.com reports. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm earned $5.89 EPS. Pool’s revenue was down 4.7% on a year-over-year basis. Pool updated its FY24 guidance to $11.05-11.45 EPS.

Pool Trading Up 3.3 %

Shares of Pool stock traded up $11.88 during trading on Friday, hitting $371.82. The stock had a trading volume of 787,168 shares, compared to its average volume of 481,398. The stock has a 50 day simple moving average of $336.23 and a 200 day simple moving average of $368.62. The company has a market capitalization of $14.25 billion, a PE ratio of 29.09, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool has a 1 year low of $293.51 and a 1 year high of $422.73.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $1.20 dividend. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is 37.56%.

Analyst Ratings Changes

A number of research firms have commented on POOL. Oppenheimer boosted their price target on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday. Stephens dropped their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Bank of America dropped their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. The Goldman Sachs Group boosted their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday. Finally, Loop Capital dropped their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $347.22.

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.