Pool (NASDAQ:POOL) Releases FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY 2024 earnings guidance on Thursday morning. 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 Stock Performance

Shares of NASDAQ POOL traded up $1.17 during midday trading on Friday, reaching $371.17. The company’s stock had a trading volume of 437,342 shares, compared to its average volume of 372,053. Pool has a 12-month low of $307.77 and a 12-month high of $422.73. The firm has a 50 day moving average price of $392.78 and a 200-day moving average price of $373.76. The stock has a market capitalization of $14.29 billion, a P/E ratio of 29.04, a PEG ratio of 3.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.58.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. As a group, equities analysts predict that Pool will post 13.27 earnings per share for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.19%. Pool’s dividend payout ratio is presently 34.43%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now directly owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.