Pentair (PNR) to Release Quarterly Earnings on Tuesday

Pentair (NYSE:PNR) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $970.95 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Pentair Price Performance

Shares of NYSE:PNR opened at $103.66 on Monday. Pentair has a 1-year low of $72.03 and a 1-year high of $110.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The business has a fifty day moving average price of $103.84 and a 200-day moving average price of $96.80. The company has a market capitalization of $17.13 billion, a PE ratio of 25.91, a PEG ratio of 1.62 and a beta of 1.21.

Pentair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. Pentair’s dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analysts Forecast Growth

PNR has been the subject of several analyst reports. Mizuho raised their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup dropped their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, TD Cowen increased their price objective on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and an average target price of $111.07.

About Pentair

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.