Pentair (NYSE:PNR) Issues Q4 2024 Earnings Guidance

Pentair (NYSE:PNR) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.020-1.020 for the period, compared to the consensus EPS estimate of 1.020. The company issued revenue guidance of $965.0 million-$975.0 million, compared to the consensus revenue estimate of $989.2 million. Pentair also updated its FY 2024 guidance to 4.270-4.270 EPS.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their price target on shares of Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group upped their price target on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Finally, Oppenheimer upped their price target on shares of Pentair from $98.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Pentair has a consensus rating of “Moderate Buy” and an average price target of $104.80.

Pentair Trading Up 0.1 %

Shares of PNR stock traded up $0.11 on Thursday, reaching $98.11. The company had a trading volume of 46,966 shares, compared to its average volume of 1,553,664. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock has a market cap of $16.24 billion, a PE ratio of 24.81, a PEG ratio of 1.78 and a beta of 1.20. The company has a 50-day moving average of $92.24 and a 200-day moving average of $84.73. Pentair has a 12 month low of $57.18 and a 12 month high of $99.96.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The business had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. During the same period in the previous year, the firm earned $0.94 EPS. Pentair’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that Pentair will post 4.26 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a $0.23 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.94%. Pentair’s dividend payout ratio is presently 23.29%.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.