Pool (NASDAQ:POOL) Issues FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 13.000-14.000 for the period, compared to the consensus EPS estimate of 13.270. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $13.19-14.19 EPS.

Pool Price Performance

Pool stock traded up $1.17 during trading hours on Friday, hitting $371.17. 437,342 shares of the company traded hands, compared to its average volume of 332,308. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The firm has a market cap of $14.29 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.60 and a beta of 1.00. The firm’s 50-day simple moving average is $393.10 and its two-hundred day simple moving average is $373.55. Pool has a 1-year low of $307.77 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 earnings per share. As a group, analysts forecast that Pool will post 13.27 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is currently 33.03%.

Analysts Set New Price Targets

POOL has been the topic of a number of recent research reports. TheStreet downgraded Pool from a b rating to a c+ rating in a research note on Thursday, February 22nd. Loop Capital downgraded shares of Pool from a buy rating to a hold rating and upped their price objective for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Oppenheimer raised their target price on shares of Pool from $407.00 to $436.00 and gave the company an outperform rating in a research note on Thursday, March 28th. Finally, Stifel Nicolaus reissued a hold rating and set a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $397.80.

Insider Buying and Selling at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the transaction, the general counsel now directly owns 8,622 shares of the company’s stock, valued at $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

About Pool

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.