Pool (NASDAQ:POOL) Issues 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 11.060-11.460 for the period, compared to the consensus earnings per share estimate of 11.610. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $10.85-11.25 EPS.

Pool Trading Down 3.0 %

Shares of POOL stock traded down $11.33 on Friday, hitting $366.00. The stock had a trading volume of 308,849 shares, compared to its average volume of 348,867. The firm has a market cap of $14.00 billion, a P/E ratio of 30.86, a PEG ratio of 2.57 and a beta of 1.01. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average price of $359.72 and a two-hundred day moving average price of $353.39.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 earnings per share. As a group, analysts forecast that Pool will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.31%. Pool’s dividend payout ratio (DPR) is currently 40.47%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on POOL. Loop Capital increased their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday. Stifel Nicolaus increased their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Oppenheimer lifted their price target on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday. Finally, The Goldman Sachs Group lifted their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $367.89.

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.