$147.02 Million in Sales Expected for Leslie’s, Inc. (NASDAQ:LESL) This Quarter

Equities research analysts predict that Leslie’s, Inc. (NASDAQ:LESL) will post sales of $147.02 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Leslie’s’ earnings, with the lowest sales estimate coming in at $143.50 million and the highest estimate coming in at $150.00 million. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Leslie’s will report full year sales of $1.20 billion for the current year, with estimates ranging from $1.19 billion to $1.21 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.28 billion, with estimates ranging from $1.24 billion to $1.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Leslie’s.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Thursday, February 4th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.06). The business had revenue of $145.01 million for the quarter, compared to analyst estimates of $140.96 million.

A number of research firms have recently commented on LESL. Loop Capital cut Leslie’s from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research note on Tuesday, January 5th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Leslie’s from a “hold” rating to a “sell” rating in a research note on Wednesday, April 7th. Piper Sandler upped their target price on shares of Leslie’s from $26.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, February 5th. Jefferies Financial Group raised their price target on shares of Leslie’s from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, February 5th. Finally, Morgan Stanley upped their price objective on Leslie’s from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.00.

LESL stock opened at $26.37 on Friday. The company’s 50 day moving average is $23.79. The company has a market cap of $4.93 billion and a price-to-earnings ratio of 62.79. Leslie’s has a twelve month low of $19.15 and a twelve month high of $32.84.

In related news, major shareholder Investor Aggregator L. Bubbles sold 17,893,490 shares of the stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $25.22, for a total value of $451,273,817.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael R. Egeck sold 90,915 shares of the stock in a transaction on Monday, February 1st. The stock was sold at an average price of $27.95, for a total transaction of $2,541,074.25. The disclosure for this sale can be found here.

A number of hedge funds have recently modified their holdings of LESL. K.J. Harrison & Partners Inc bought a new position in shares of Leslie’s in the fourth quarter worth about $1,110,000. Brookfield Asset Management Inc. bought a new position in Leslie’s in the 4th quarter worth approximately $4,179,000. California Public Employees Retirement System purchased a new position in shares of Leslie’s in the fourth quarter worth $2,412,000. Sei Investments Co. bought a new position in shares of Leslie’s during the fourth quarter worth $1,915,000. Finally, Laurion Capital Management LP bought a new position in shares of Leslie’s during the fourth quarter worth $2,775,000.

Leslie’s Company Profile

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services, which primarily consist of maintenance items, such as chemicals, equipment and parts, and cleaning and maintenance equipment, as well as safety, recreational, and fitness-related products.

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Earnings History and Estimates for Leslie`s (NASDAQ:LESL)

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