Pool (NASDAQ:POOL) Updates FY24 Earnings Guidance

Pool (NASDAQ:POOL - Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $13.19-14.19 for the period, compared to the consensus earnings per share estimate of $13.27. Pool also updated its FY 2024 guidance to 13.000-14.000 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on POOL. Stifel Nicolaus reissued a hold rating and set a $370.00 price target on shares of Pool in a research report on Tuesday, March 5th. Loop Capital lowered shares of Pool from a buy rating to a hold rating and boosted their price objective for the company from $380.00 to $415.00 in a report on Monday, January 8th. TheStreet lowered shares of Pool from a b rating to a c+ rating in a report on Thursday, February 22nd. Finally, Oppenheimer boosted their price objective on shares of Pool from $407.00 to $436.00 and gave the company an outperform rating in a report on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $397.80.

Pool Trading Down 2.0 %

NASDAQ:POOL traded down $7.39 on Thursday, reaching $370.00. 1,065,523 shares of the company's stock were exchanged, compared to its average volume of 330,995. Pool has a 52-week low of $307.77 and a 52-week high of $422.73. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 3.58 and a beta of 1.00. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $393.49 and a 200-day moving average of $373.57.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 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 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 earnings per share. As a group, analysts expect that Pool will post 13.27 earnings per share for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool's payout ratio is currently 33.03%.

Insider Activity

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares of the company's stock, valued at $3,457,422. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.

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.