Pool (NASDAQ:POOL) Issues FY24 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $11.05-11.45 for the period, compared to the consensus EPS estimate of $11.02.

Analysts Set New Price Targets

Several research firms have recently weighed in on POOL. Bank of America dropped their price target on shares of Pool from $338.00 to $290.00 and set an underperform rating for the company in a research note on Tuesday, June 25th. Oppenheimer lowered their price objective on shares of Pool from $416.00 to $356.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. Stifel Nicolaus lowered their price objective on shares of Pool from $360.00 to $310.00 and set a hold rating for the company in a research report on Thursday, July 18th. Wells Fargo & Company lowered their price objective on shares of Pool from $360.00 to $290.00 and set an equal weight rating for the company in a research report on Tuesday, June 25th. Finally, Robert W. Baird lowered their price objective on shares of Pool from $380.00 to $305.00 and set a neutral rating for the company in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Pool has a consensus rating of Hold and a consensus target price of $321.75.

Pool Price Performance

Shares of POOL opened at $327.19 on Thursday. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The firm’s fifty day simple moving average is $337.43 and its 200-day simple moving average is $369.04. The firm has a market capitalization of $12.54 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.49 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business posted $2.46 earnings per share. Pool’s revenue for the quarter was down 7.1% compared to the same quarter last year. Equities analysts forecast that Pool will post 10.95 EPS for the current fiscal year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $1.20 per share. This is a positive change from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is currently 37.56%.

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.