Pentair (PNR) Updates Q2 Earnings Guidance

Pentair (NYSE:PNR) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.63-0.66 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71. Pentair also updated its FY 2019 guidance to $2.30-2.35 EPS.

A number of research analysts have recently commented on the company. Oppenheimer reiterated a hold rating on shares of Pentair in a report on Thursday, February 14th. Morgan Stanley initiated coverage on Pentair in a research report on Tuesday, December 18th. They issued an equal weight rating and a $41.00 target price for the company. ValuEngine cut Pentair from a hold rating to a sell rating in a research report on Monday, February 4th. BMO Capital Markets decreased their target price on Pentair from $47.00 to $43.00 and set a market perform rating for the company in a research report on Wednesday, April 10th. Finally, Zacks Investment Research cut Pentair from a buy rating to a hold rating in a research report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock presently 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 twelve month low of $35.30 and a twelve month high of $72.96. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 0.43. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 2.92 and a beta of 1.25.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $795.82 million. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, research analysts forecast that Pentair will post 2.33 EPS for the current year.

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

In related news, SVP Ademir Sarcevic sold 2,435 shares of Pentair stock in a transaction 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 in the company, valued at $124,335. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Karl R. Frykman sold 10,241 shares of Pentair stock in a transaction on Friday, February 1st. The shares were sold at an average price of $41.28, for a total value of $422,748.48. Following the completion of the transaction, the chief operating officer now 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 a total of 12,942 shares of company stock valued at $543,730 over the last ninety days. 0.80% of the stock is currently 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.

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Earnings History and Estimates for Pentair (NYSE:PNR)

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