Pentair (NYSE:PNR – Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02, Briefing.com reports. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. During the same quarter last year, the business earned $0.94 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis.
Pentair Price Performance
NYSE PNR traded up $1.39 during trading hours on Thursday, reaching $99.39. 1,832,483 shares of the stock traded hands, compared to its average volume of 1,562,523. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.96. The stock has a 50 day simple moving average of $92.24 and a two-hundred day simple moving average of $84.73. Pentair has a 1 year low of $57.18 and a 1 year high of $99.96. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.20.
Pentair Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a $0.23 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.93%. Pentair’s dividend payout ratio (DPR) is presently 23.00%.
Wall Street Analyst Weigh In
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.
See Also
- Five stocks we like better than Pentair
- How to Start Investing in Real Estate
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- How to Calculate Return on Investment (ROI)
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.