Pentair PLC (PNR) Expected to Post Quarterly Sales of $700.28 Million
Equities analysts expect that Pentair PLC (NYSE:PNR) will post $700.28 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Pentair’s earnings. The highest sales estimate is $710.30 million and the lowest is $694.00 million. Pentair reported sales of $1.23 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 43.1%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, October 23rd.
On average, analysts expect that Pentair will report full-year sales of $2.95 billion for the current financial year, with estimates ranging from $2.93 billion to $2.97 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.04 billion, with estimates ranging from $2.99 billion to $3.07 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Pentair.
Pentair (NYSE:PNR) last issued its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The company had revenue of $780.60 million for the quarter, compared to analysts’ expectations of $786.63 million. Pentair had a return on equity of 15.19% and a net margin of 10.12%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share.
In related news, Director Glynis Bryan sold 17,133 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $770,985.00. Following the sale, the director now directly owns 35,115 shares of the company’s stock, valued at $1,580,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Trian Fund Management, L.P. sold 1,700,000 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $42.15, for a total value of $71,655,000.00. Following the sale, the director now directly owns 2,862 shares in the company, valued at $120,633.30. The disclosure for this sale can be found here. Corporate insiders own 10.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Fort L.P. purchased a new stake in shares of Pentair during the second quarter valued at $118,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Pentair during the second quarter valued at $146,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Pentair during the first quarter valued at $170,000. Marshwinds Advisory Co. purchased a new stake in shares of Pentair during the third quarter valued at $200,000. Finally, NorthRock Partners LLC purchased a new stake in shares of Pentair during the second quarter valued at $204,000. 86.39% of the stock is currently owned by institutional investors.
Shares of NYSE PNR traded down $0.20 during trading on Friday, reaching $39.00. The company had a trading volume of 1,515,386 shares, compared to its average volume of 1,662,715. Pentair has a 12-month low of $38.36 and a 12-month high of $50.25. The stock has a market cap of $7.60 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.88 and a beta of 1.34. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 19th will be paid a $0.175 dividend. The ex-dividend date is Thursday, October 18th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.79%. Pentair’s dividend payout ratio is currently 19.83%.
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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