Wall Street analysts expect Pentair PLC (NYSE:PNR) to announce earnings of $0.55 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Pentair’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.54. Pentair reported earnings per share of $0.54 during the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The company is scheduled to report its next earnings report on Tuesday, October 22nd.

On average, analysts expect that Pentair will report full year earnings of $2.32 per share for the current financial year, with EPS estimates ranging from $2.17 to $2.35. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.57 per share, with EPS estimates ranging from $2.44 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Pentair.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Pentair had a net margin of 12.54% and a return on equity of 21.15%. The firm had revenue of $799.50 million for the quarter, compared to the consensus estimate of $790.62 million. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis.

Several brokerages recently weighed in on PNR. Morgan Stanley upped their target price on shares of Pentair from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. ValuEngine raised shares of Pentair from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.17.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Pentair by 19.2% in the 2nd quarter. BlackRock Inc. now owns 16,039,343 shares of the industrial products company’s stock valued at $596,665,000 after buying an additional 2,582,896 shares in the last quarter. Parnassus Investments CA raised its position in Pentair by 7.0% in the 2nd quarter. Parnassus Investments CA now owns 8,216,678 shares of the industrial products company’s stock valued at $305,661,000 after purchasing an additional 536,965 shares during the last quarter. Impax Asset Management Group plc raised its position in Pentair by 39.7% in the 2nd quarter. Impax Asset Management Group plc now owns 6,964,821 shares of the industrial products company’s stock valued at $259,091,000 after purchasing an additional 1,979,216 shares during the last quarter. Invesco Ltd. raised its position in Pentair by 11.5% in the 2nd quarter. Invesco Ltd. now owns 6,451,160 shares of the industrial products company’s stock valued at $239,982,000 after purchasing an additional 665,146 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Pentair by 2.5% in the 1st quarter. Clearbridge Investments LLC now owns 4,251,011 shares of the industrial products company’s stock valued at $189,213,000 after purchasing an additional 102,888 shares during the last quarter. Institutional investors and hedge funds own 86.48% of the company’s stock.

PNR traded up $0.32 during trading hours on Friday, hitting $36.66. 29,014 shares of the company’s stock were exchanged, compared to its average volume of 1,642,895. Pentair has a 12-month low of $34.72 and a 12-month high of $45.99. The firm has a 50 day moving average of $37.57 and a 200 day moving average of $39.15. The firm has a market cap of $6.08 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.67.

About Pentair

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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Earnings History and Estimates for Pentair (NYSE:PNR)

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