Pool (NASDAQ:POOL) Issues FY24 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $10.85-11.25 for the period, compared to the consensus earnings per share estimate of $11.04. Pool also updated its FY 2024 guidance to 11.060-11.460 EPS.

Analyst Ratings Changes

A number of equities research analysts have issued reports on POOL shares. Loop Capital upped their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday. Robert W. Baird increased their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer raised their price target on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $367.89.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $366.00 on Friday. The firm has a 50 day moving average of $359.72 and a 200 day moving average of $353.07. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01. Pool has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company posted $3.50 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Pool will post 10.98 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is currently 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.