Pentair (PNR) Issues FY19 Earnings Guidance

Pentair (NYSE:PNR) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.30-2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.33. Pentair also updated its FY 2019 guidance to $2.30-2.35 EPS.

NYSE PNR opened at $40.47 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. Pentair has a 12-month low of $35.30 and a 12-month high of $72.96.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. The firm had revenue of $689.90 million during the quarter, compared to the consensus estimate of $795.82 million. Pentair had a net margin of 9.92% and a return on equity of 18.86%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, research analysts forecast that Pentair will post 2.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, April 17th. Pentair’s dividend payout ratio is 30.64%.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Pentair from a hold rating to a buy rating and set a $43.00 target price on the stock in a research note on Thursday, December 20th. Morgan Stanley began coverage on shares of Pentair in a research report on Tuesday, December 18th. They issued an equal weight rating and a $41.00 price objective for the company. ValuEngine upgraded shares of Pentair from a sell rating to a hold rating in a research report on Wednesday, March 20th. Oppenheimer reiterated a hold rating on shares of Pentair in a research report on Thursday, February 14th. Finally, BMO Capital Markets dropped their target price on shares of Pentair from $47.00 to $43.00 and set a market perform rating for the company in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $45.90.

In other news, SVP Ademir Sarcevic sold 2,435 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.00, for a total transaction of $109,575.00. Following the sale, the senior vice president now owns 2,763 shares in the company, valued at approximately $124,335. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Karl R. Frykman sold 10,241 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $41.28, for a total transaction of $422,748.48. Following the sale, the chief operating officer now owns 60,877 shares in the company, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,942 shares of company stock worth $543,730. Company insiders own 0.80% of the company’s stock.

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About Pentair

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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Earnings History and Estimates for Pentair (NYSE:PNR)

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