Brokerages forecast that Pool Co. (NASDAQ:POOL) will announce sales of $612.15 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Pool’s earnings. The highest sales estimate is $621.00 million and the lowest is $607.46 million. Pool posted sales of $585.90 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The firm is expected to report its next earnings report on Thursday, April 18th.

According to Zacks, analysts expect that Pool will report full year sales of $3.27 billion for the current financial year, with estimates ranging from $3.26 billion to $3.27 billion. For the next financial year, analysts anticipate that the company will report sales of $3.49 billion, with estimates ranging from $3.45 billion to $3.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Pool.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 14th. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). The business had revenue of $543.00 million during the quarter, compared to analyst estimates of $551.58 million. Pool had a net margin of 7.82% and a return on equity of 80.86%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share.

A number of equities research analysts recently weighed in on the company. ValuEngine raised Pool from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised Pool from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Wednesday, December 5th. Robert W. Baird raised Pool from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $160.00 to $177.00 in a research report on Friday, February 22nd. Finally, BidaskClub raised Pool from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $160.25.

Shares of NASDAQ:POOL traded down $1.23 during midday trading on Tuesday, hitting $157.87. The company’s stock had a trading volume of 4,006 shares, compared to its average volume of 224,890. The company has a market cap of $6.26 billion, a P/E ratio of 28.20, a P/E/G ratio of 1.09 and a beta of 0.92. Pool has a fifty-two week low of $135.76 and a fifty-two week high of $175.87. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.79 and a current ratio of 2.99.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is presently 32.03%.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 2,851 shares of Pool stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $161.02, for a total transaction of $459,068.02. Following the sale, the insider now directly owns 66,202 shares of the company’s stock, valued at $10,659,846.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Arthur D. Cook sold 1,900 shares of Pool stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $158.37, for a total value of $300,903.00. Following the sale, the vice president now directly owns 77,492 shares in the company, valued at $12,272,408.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,219 shares of company stock worth $12,503,416. 6.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POOL. Atlanta Capital Management Co. L L C boosted its holdings in Pool by 131.3% during the third quarter. Atlanta Capital Management Co. L L C now owns 768,102 shares of the specialty retailer’s stock valued at $128,181,000 after purchasing an additional 436,023 shares in the last quarter. Norges Bank acquired a new stake in Pool during the fourth quarter valued at approximately $39,050,000. Handelsbanken Fonder AB boosted its holdings in Pool by 53.7% during the fourth quarter. Handelsbanken Fonder AB now owns 707,103 shares of the specialty retailer’s stock valued at $105,111,000 after purchasing an additional 247,103 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Pool by 317.8% during the third quarter. Artemis Investment Management LLP now owns 240,628 shares of the specialty retailer’s stock valued at $40,168,000 after purchasing an additional 183,034 shares in the last quarter. Finally, Capital International Investors acquired a new stake in Pool during the third quarter valued at approximately $24,531,000. 92.98% of the stock is currently owned by institutional investors.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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