Pool (NASDAQ:POOL) Releases FY 2019 Earnings Guidance

Pool (NASDAQ:POOL) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.09-6.34 for the period, compared to the Thomson Reuters consensus estimate of $6.24. Pool also updated its FY19 guidance to $6.09-3.34 EPS.

A number of brokerages have commented on POOL. Stephens reissued a buy rating and issued a $34.00 price objective on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. BidaskClub raised Westport Fuel Systems from a hold rating to a buy rating in a research report on Friday, July 12th. Finally, Zacks Investment Research cut GenMark Diagnostics from a hold rating to a sell rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $174.75.

Shares of NASDAQ:POOL opened at $191.24 on Friday. The stock has a market capitalization of $7.50 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 1.32 and a beta of 0.92. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.60 and a current ratio of 2.35. Pool has a 12-month low of $136.83 and a 12-month high of $196.00. The firm’s 50 day moving average is $187.50.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.21 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Pool had a return on equity of 82.89% and a net margin of 8.14%. Pool’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.80 earnings per share. As a group, analysts anticipate that Pool will post 6.1 earnings per share for the current year.

Pool declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 2nd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Pool news, Vice Chairman De La Mesa Manuel J. Perez sold 16,173 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $180.19, for a total value of $2,914,212.87. Following the transaction, the insider now owns 65,214 shares of the company’s stock, valued at $11,750,910.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Jennifer M. Neil sold 2,397 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $180.00, for a total value of $431,460.00. Following the completion of the transaction, the general counsel now directly owns 15,840 shares in the company, valued at approximately $2,851,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,370 shares of company stock worth $26,343,992. 6.00% of the stock is owned by insiders.

Pool Company Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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Earnings History and Estimates for Pool (NASDAQ:POOL)

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