Pentair (PNR) to Release Quarterly Earnings on Tuesday

Pentair (NYSE:PNR) will be releasing its earnings data before the market opens on Tuesday, October 22nd. Analysts expect Pentair to post earnings of $1.07 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. Pentair’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, analysts expect Pentair to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Pentair Stock Down 0.0 %

PNR stock opened at $99.04 on Friday. Pentair has a twelve month low of $57.18 and a twelve month high of $99.95. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.77 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $91.36 and a two-hundred day moving average price of $84.40.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. Pentair’s dividend payout ratio is presently 23.29%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PNR shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their target price on Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays lifted their price target on Pentair from $96.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Finally, KeyCorp lifted their target price on Pentair from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.93.

About Pentair

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.