Q2 2024 EPS Estimates for Pool Co. Lowered by William Blair (NASDAQ:POOL)

Pool Co. (NASDAQ:POOL) – Investment analysts at William Blair decreased their Q2 2024 earnings per share estimates for shares of Pool in a research report issued on Tuesday, June 25th. William Blair analyst R. Merkel now forecasts that the specialty retailer will post earnings of $4.90 per share for the quarter, down from their prior estimate of $6.11. The consensus estimate for Pool’s current full-year earnings is $11.24 per share. William Blair also issued estimates for Pool’s Q3 2024 earnings at $3.23 EPS, Q4 2024 earnings at $1.08 EPS, FY2024 earnings at $11.06 EPS and FY2025 earnings at $13.80 EPS.

A number of other research firms also recently issued reports on POOL. Stifel Nicolaus reduced their price objective on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Oppenheimer decreased their price target on shares of Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a research note on Tuesday. Bank of America decreased their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday. Loop Capital dropped their price target on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Robert W. Baird decreased their price objective on Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $328.00.

Pool Trading Down 1.5 %

Shares of POOL stock opened at $307.57 on Thursday. The stock’s 50-day moving average price is $356.45 and its 200-day moving average price is $378.12. Pool has a 12-month low of $299.24 and a 12-month high of $422.73. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. 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 issued its earnings results 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). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 EPS.

Hedge Funds Weigh In On Pool

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in Pool by 4.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the specialty retailer’s stock valued at $588,000 after purchasing an additional 61 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Pool by 4.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 29,893 shares of the specialty retailer’s stock valued at $12,292,000 after buying an additional 1,349 shares during the period. Aurora Investment Counsel increased its holdings in Pool by 0.7% during the first quarter. Aurora Investment Counsel now owns 4,988 shares of the specialty retailer’s stock valued at $2,013,000 after buying an additional 37 shares during the period. EULAV Asset Management raised its stake in Pool by 10.3% in the first quarter. EULAV Asset Management now owns 187,261 shares of the specialty retailer’s stock worth $75,560,000 after buying an additional 17,500 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in Pool by 123.9% during the first quarter. Cetera Advisors LLC now owns 1,939 shares of the specialty retailer’s stock worth $782,000 after buying an additional 1,073 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.56%. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s dividend payout ratio 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.