What is Zacks Research’s Forecast for Pool FY2024 Earnings?

Pool Co. (NASDAQ:POOL) – Equities researchers at Zacks Research reduced their FY2024 earnings per share estimates for shares of Pool in a research note issued on Wednesday, November 6th. Zacks Research analyst R. Department now forecasts that the specialty retailer will post earnings of $11.07 per share for the year, down from their previous forecast of $11.10. The consensus estimate for Pool’s current full-year earnings is $11.00 per share. Zacks Research also issued estimates for Pool’s Q4 2024 earnings at $0.98 EPS, Q2 2025 earnings at $5.52 EPS, Q3 2025 earnings at $3.48 EPS, Q4 2025 earnings at $1.16 EPS, FY2025 earnings at $11.54 EPS, Q1 2026 earnings at $1.73 EPS, Q2 2026 earnings at $5.97 EPS, Q3 2026 earnings at $3.87 EPS and FY2026 earnings at $12.77 EPS.

POOL has been the topic of several other research reports. Wells Fargo & Company raised their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. The Goldman Sachs Group raised their price objective on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $369.11.

Pool Price Performance

POOL opened at $374.99 on Monday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. Pool has a 1 year low of $293.51 and a 1 year high of $422.73. The stock has a fifty day moving average price of $363.30 and a 200 day moving average price of $352.59. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 2.26 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 EPS.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.28%. Pool’s dividend payout ratio is 41.31%.

Institutional Investors Weigh In On Pool

A number of institutional investors have recently bought and sold shares of POOL. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Pool by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after buying an additional 33,955 shares in the last quarter. Blair William & Co. IL increased its position in shares of Pool by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after purchasing an additional 11,059 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Pool by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after purchasing an additional 90,951 shares during the last quarter. American Century Companies Inc. boosted its position in Pool by 9.6% in the second quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after buying an additional 37,598 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Pool by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock worth $105,531,000 after buying an additional 12,152 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.