Pool (NASDAQ:POOL) Updates FY24 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $11.04-$11.44 for the period, compared to the consensus estimate of $13.05. Pool also updated its FY 2024 guidance to 13.000-14.000 EPS.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Loop Capital lowered their price target on Pool from $415.00 to $370.00 and set a hold rating for the company in a research report on Tuesday, June 18th. Stifel Nicolaus lowered their price target on Pool from $370.00 to $360.00 and set a hold rating for the company in a research report on Monday, April 29th. Finally, Oppenheimer lowered their price target on Pool from $436.00 to $416.00 and set an outperform rating for the company in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $382.80.

Pool Stock Down 0.0 %

NASDAQ:POOL opened at $337.91 on Tuesday. Pool has a twelve month low of $308.45 and a twelve month high of $422.73. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.02. The stock has a fifty day simple moving average of $359.78 and a 200-day simple moving average of $379.38. 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 released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. Analysts anticipate that Pool will post 13.02 EPS for the current year.

Pool Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $1.20 dividend. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s payout ratio is presently 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.