Pentair (NYSE:PNR) Issues Q4 Earnings Guidance

Pentair (NYSE:PNR) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of ~$1.02 for the period, compared to the consensus EPS estimate of $1.02. The company issued revenue guidance of $965-975 million, compared to the consensus revenue estimate of $989.65 million. Pentair also updated its FY 2024 guidance to 4.270-4.270 EPS.

Analysts Set New Price Targets

PNR has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada boosted their target price on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and an average price target of $95.93.

Pentair Price Performance

PNR opened at $98.36 on Tuesday. Pentair has a 1 year low of $57.18 and a 1 year high of $99.95. The company’s 50 day simple moving average is $91.67 and its 200 day simple moving average is $84.53. The stock has a market capitalization of $16.33 billion, a PE ratio of 26.16, a P/E/G ratio of 1.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $1.03 earnings per share. Pentair’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Pentair will post 4.26 EPS for the current year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, October 18th. Pentair’s payout ratio is currently 24.47%.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.