Pool (NASDAQ:POOL) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $6.09-6.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.24. Pool also updated its FY19 guidance to $6.09-3.34 EPS.
Several brokerages recently weighed in on POOL. BidaskClub raised Westport Fuel Systems from a hold rating to a buy rating in a research report on Friday, July 12th. Zacks Investment Research lowered GenMark Diagnostics from a hold rating to a sell rating in a research report on Wednesday, April 24th. Finally, Stephens reaffirmed a buy rating and issued a $34.00 target price on shares of Guaranty Bancshares in a research report on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $174.75.
NASDAQ:POOL opened at $191.24 on Friday. The firm has a 50-day moving average of $187.50. The company has a quick ratio of 0.60, a current ratio of 2.35 and a debt-to-equity ratio of 2.30. Pool has a 12 month low of $136.83 and a 12 month high of $196.00. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.34 and a beta of 0.92.
Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 18th. The specialty retailer reported $3.22 EPS for the quarter, beating the consensus estimate of $3.21 by $0.01. Pool had a return on equity of 82.89% and a net margin of 8.14%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $2.80 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that Pool will post 6.1 EPS for the current fiscal year.
Pool declared that its board has approved a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other Pool news, General Counsel Jennifer M. Neil sold 2,397 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $180.00, for a total value of $431,460.00. Following the transaction, the general counsel now directly owns 15,840 shares of the company’s stock, valued at $2,851,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Hart Melanie Housey sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $185.20, for a total value of $296,320.00. Following the completion of the transaction, the vice president now directly owns 11,884 shares in the company, valued at $2,200,916.80. The disclosure for this sale can be found here. Insiders sold 143,370 shares of company stock worth $26,343,992 over the last three months. 6.00% of the stock is currently owned by corporate insiders.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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