Pentair (PNR) Updates FY19 Earnings Guidance

Pentair (NYSE:PNR) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.30-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.33. Pentair also updated its FY 2019 guidance to $2.30-2.35 EPS.

Several research firms have issued reports on PNR. Oppenheimer restated a hold rating on shares of Pentair in a research note on Thursday, February 14th. Morgan Stanley began coverage on Pentair in a research note on Tuesday, December 18th. They issued an equal weight rating and a $41.00 price objective on the stock. ValuEngine lowered Pentair from a hold rating to a sell rating in a research note on Monday, February 4th. BMO Capital Markets dropped their price objective on Pentair from $47.00 to $43.00 and set a market perform rating on the stock in a research note on Wednesday, April 10th. Finally, Zacks Investment Research downgraded Pentair from a buy rating to a hold rating in a research report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $45.90.

Pentair stock opened at $40.47 on Wednesday. Pentair has a 12 month low of $35.30 and a 12 month high of $72.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.27. The company has a market capitalization of $6.85 billion, a PE ratio of 17.22, a PEG ratio of 2.92 and a beta of 1.25.

Pentair (NYSE:PNR) last posted its earnings results on Wednesday, April 17th. The industrial products company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Pentair had a return on equity of 18.86% and a net margin of 9.92%. The company had revenue of $689.90 million for the quarter, compared to the consensus estimate of $795.82 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, analysts anticipate that Pentair will post 2.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, April 17th. Pentair’s payout ratio is 30.64%.

In other news, SVP Ademir Sarcevic sold 2,435 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $109,575.00. Following the transaction, the senior vice president now owns 2,763 shares of the company’s stock, valued at $124,335. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Karl R. Frykman sold 10,241 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $41.28, for a total value of $422,748.48. Following the sale, the chief operating officer now directly owns 60,877 shares in the company, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. Insiders sold 12,942 shares of company stock worth $543,730 in the last ninety days. 0.80% of the stock is owned by company insiders.

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About Pentair

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

Read More: Earnings Per Share (EPS)

Earnings History and Estimates for Pentair (NYSE:PNR)

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