Pool (NASDAQ:POOL) Releases FY 2024 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 11.060-11.460 for the period, compared to the consensus EPS estimate of 11.610. The company issued revenue guidance of -. Pool also updated its FY24 guidance to $10.85-11.25 EPS.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday, August 30th. The Goldman Sachs Group upped their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Friday. Loop Capital raised their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $367.89.

Pool Stock Performance

POOL stock opened at $366.00 on Friday. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a market cap of $14.00 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01. The business’s fifty day moving average is $359.72 and its 200-day moving average is $353.07.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm earned $3.50 EPS. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Pool will post 10.98 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. Pool’s payout ratio is 40.47%.

Pool Company Profile

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.