Zacks Research Has Negative Outlook of Pool FY2024 Earnings

Pool Co. (NASDAQ:POOL) – Stock analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for Pool in a report released on Wednesday, November 6th. Zacks Research analyst R. Department now expects that the specialty retailer will earn $11.07 per share for the year, down from their previous estimate of $11.10. The consensus estimate for Pool’s current full-year earnings is $11.00 per share. Zacks Research also issued estimates for Pool’s Q4 2024 earnings at $0.98 EPS, Q2 2025 earnings at $5.52 EPS, Q3 2025 earnings at $3.48 EPS, Q4 2025 earnings at $1.16 EPS, FY2025 earnings at $11.54 EPS, Q1 2026 earnings at $1.73 EPS, Q2 2026 earnings at $5.97 EPS, Q3 2026 earnings at $3.87 EPS and FY2026 earnings at $12.77 EPS.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm posted $3.50 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year.

Several other analysts also recently issued reports on the company. Robert W. Baird lifted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Stifel Nicolaus upped their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Wells Fargo & Company increased their target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Pool presently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Stock Performance

Shares of POOL stock opened at $374.99 on Monday. The company’s 50 day moving average price is $363.30 and its two-hundred day moving average price is $352.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a market capitalization of $14.27 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.28%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Hedge Funds Weigh In On Pool

Institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC acquired a new stake in shares of Pool during the 3rd quarter worth $202,000. Aurora Investment Counsel lifted its position in Pool by 1.2% during the third quarter. Aurora Investment Counsel now owns 5,077 shares of the specialty retailer’s stock worth $1,913,000 after purchasing an additional 59 shares during the period. King Luther Capital Management Corp increased its holdings in Pool by 43.4% in the 3rd quarter. King Luther Capital Management Corp now owns 25,502 shares of the specialty retailer’s stock valued at $9,609,000 after buying an additional 7,724 shares during the period. Hilton Capital Management LLC acquired a new position in shares of Pool in the 3rd quarter valued at approximately $1,548,000. Finally, Parnassus Investments LLC raised its position in shares of Pool by 3.5% in the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after buying an additional 6,987 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.