Pool (NASDAQ:POOL) Releases FY24 Earnings Guidance

Pool (NASDAQ:POOL) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $11.05-11.45 for the period, compared to the consensus estimate of $11.02.

Pool Price Performance

Shares of POOL stock opened at $327.19 on Thursday. The stock’s fifty day moving average is $337.43 and its 200-day moving average is $369.04. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The stock has a market capitalization of $12.54 billion, a PE ratio of 25.60, a PEG ratio of 2.49 and a beta of 1.00. Pool has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.46 EPS. Equities research analysts expect that Pool will post 10.95 EPS for the current fiscal year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $1.20 dividend. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 annualized dividend and a yield of 1.47%. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on POOL shares. Stifel Nicolaus reduced their target price on Pool from $360.00 to $310.00 and set a hold rating on the stock in a report on Thursday, July 18th. Robert W. Baird lowered their price target on Pool from $380.00 to $305.00 and set a neutral rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company reduced their price target on Pool from $360.00 to $290.00 and set an equal weight rating for the company in a research note on Tuesday, June 25th. Stephens cut their target price on Pool from $425.00 to $350.00 and set an overweight rating for the company in a research report on Tuesday, June 25th. Finally, Loop Capital lowered their price target on Pool from $370.00 to $305.00 and set a hold rating for the company in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $321.75.

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.