Research Analysts Issue Forecasts for Pool FY2024 Earnings

Pool Co. (NASDAQ:POOL) – Research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for Pool in a report issued on Wednesday, November 6th. Zacks Research analyst R. Department now anticipates that the specialty retailer will post earnings of $11.07 per share for the year, down from their prior forecast 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.

Several other brokerages have also commented on POOL. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. The Goldman Sachs Group lifted their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer increased their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Loop Capital upped their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $369.11.

Pool Stock Up 0.4 %

POOL stock opened at $372.58 on Monday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $362.83 and its 200 day simple moving average is $352.56. The stock has a market cap of $14.18 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

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

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Institutional Investors Weigh In On Pool

Institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB purchased a new position in Pool in the 1st quarter worth about $96,528,000. International Assets Investment Management LLC raised its holdings in shares of Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after acquiring an additional 137,445 shares during the period. TD Asset Management Inc boosted its stake in Pool by 67.4% in the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after purchasing an additional 123,387 shares during the period. Caledonia Investments PLC purchased a new position in Pool during the 2nd quarter worth approximately $37,390,000. Finally, Bank of New York Mellon Corp raised its stake in Pool by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after purchasing an additional 90,951 shares during the period. 98.99% of the stock is 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.