Pentair (NYSE:PNR) Releases Earnings Results, Beats Estimates By $0.04 EPS

Pentair (NYSE:PNR - Get Free Report) released its earnings results on Tuesday. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04, Briefing.com reports. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The business's quarterly revenue was down 1.1% on a year-over-year basis.

Pentair Stock Down 0.9 %

PNR traded down $0.73 during trading on Tuesday, reaching $78.47. 3,822,747 shares of the stock were exchanged, compared to its average volume of 1,639,910. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65. The stock's 50 day moving average price is $80.10 and its two-hundred day moving average price is $71.68. Pentair has a twelve month low of $52.28 and a twelve month high of $85.81. The stock has a market cap of $13.03 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. Pentair's payout ratio is 24.53%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Pentair from $82.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Royal Bank of Canada increased their price target on shares of Pentair from $78.00 to $87.00 and gave the company an "outperform" rating in a report on Monday, March 4th. BNP Paribas initiated coverage on shares of Pentair in a report on Tuesday, March 12th. They issued a "neutral" rating and a $86.00 price target for the company. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price objective on shares of Pentair in a research note on Friday, March 22nd. Finally, UBS Group increased their target price on shares of Pentair from $72.00 to $83.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Pentair presently has a consensus rating of "Moderate Buy" and an average target price of $87.33.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.