Pool (NASDAQ:POOL) Updates FY 2024 Earnings Guidance

by · The Cerbat Gem

Pool (NASDAQ:POOL – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 11.060-11.460 for the period, compared to the consensus earnings per share estimate of 11.610. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $10.85-11.25 EPS.

Pool Price Performance

Shares of NASDAQ POOL traded up $26.65 during midday trading on Thursday, reaching $377.33. 644,065 shares of the stock traded hands, compared to its average volume of 349,062. The company’s 50 day moving average is $359.31 and its 200 day moving average is $353.61. Pool has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The stock has a market capitalization of $14.44 billion, a PE ratio of 31.82, a P/E/G ratio of 2.57 and a beta of 1.01.

Pool (NASDAQ:POOL – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $5.89 earnings per share. Pool’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Pool will post 10.98 earnings per share for the current year.

Pool Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on POOL shares. Wells Fargo & Company upped their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. The Goldman Sachs Group increased their price target on Pool from $365.00 to $415.00 and gave the company a “buy” 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 research note on Wednesday, October 16th. Oppenheimer increased their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. One 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. According to MarketBeat.com, Pool currently has an average rating of “Hold” and an average target price of $357.89.

Check Out Our Latest Stock Report on POOL

About Pool

(Get Free Report)

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.

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