Pool (NASDAQ:POOL) Releases FY24 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $10.85-11.25 for the period, compared to the consensus EPS estimate of $11.04. Pool also updated its FY 2024 guidance to 11.060-11.460 EPS.

Pool Price Performance

POOL stock traded up $26.65 during mid-day trading on Thursday, reaching $377.33. 644,065 shares of the company traded hands, compared to its average volume of 349,062. The company has a fifty day moving average price of $359.31 and a 200-day moving average price of $353.61. Pool has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a market capitalization of $14.44 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm posted $5.89 EPS. Pool’s revenue was down 4.7% on a year-over-year basis. As a group, analysts anticipate that Pool will post 10.98 earnings per share for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.27%. Pool’s dividend payout ratio is currently 40.47%.

Analysts Set New Price Targets

Several research firms recently weighed in on POOL. The Goldman Sachs Group upped their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer increased their price target on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Robert W. Baird lifted their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus lifted their price target on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $357.89.

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.