Pool (NASDAQ:POOL) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Pool (NASDAQ:POOL - Get Free Report) announced its quarterly earnings results on Thursday. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.87 by ($0.02), Briefing.com reports. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business's revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 EPS. Pool updated its FY 2024 guidance to 13.000-14.000 EPS and its FY24 guidance to $13.19-14.19 EPS.

Pool Stock Performance

NASDAQ:POOL traded up $1.17 during mid-day trading on Friday, reaching $371.17. The company's stock had a trading volume of 437,342 shares, compared to its average volume of 332,308. Pool has a 12-month low of $307.77 and a 12-month high of $422.73. The firm's fifty day moving average price is $393.10 and its two-hundred day moving average price is $373.55. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $14.29 billion, a P/E ratio of 27.94, a PEG ratio of 3.60 and a beta of 1.00.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool's dividend payout ratio (DPR) is 33.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Oppenheimer upped their price target on shares of Pool from $407.00 to $436.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Stifel Nicolaus reiterated a "hold" rating and issued a $370.00 price target on shares of Pool in a research note on Tuesday, March 5th. Loop Capital cut shares of Pool from a "buy" rating to a "hold" rating and upped their price target for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, TheStreet cut shares of Pool from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $397.80.

Insiders Place Their Bets

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now owns 8,622 shares of the company's stock, valued at approximately $3,457,422. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

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.