Brokerages Anticipate Pentair PLC (NYSE:PNR) to Announce $0.55 EPS

Wall Street brokerages expect Pentair PLC (NYSE:PNR) to report $0.55 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Pentair’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.58. Pentair reported earnings of $0.54 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The firm is scheduled to announce its next earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Pentair will report full year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.31 to $2.35. For the next year, analysts anticipate that the firm will report earnings of $2.58 per share, with EPS estimates ranging from $2.47 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Pentair.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $799.50 million for the quarter, compared to analyst estimates of $790.62 million. During the same quarter last year, the business earned $0.71 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis.

PNR has been the topic of a number of analyst reports. ValuEngine raised shares of Pentair from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley lifted their price target on shares of Pentair from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.17.

Several hedge funds have recently made changes to their positions in PNR. Treasurer of the State of North Carolina lifted its position in shares of Pentair by 8.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 86,863 shares of the industrial products company’s stock worth $3,231,000 after buying an additional 6,990 shares during the last quarter. BlackRock Inc. raised its position in Pentair by 19.2% during the 2nd quarter. BlackRock Inc. now owns 16,039,343 shares of the industrial products company’s stock worth $596,665,000 after buying an additional 2,582,896 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in Pentair by 23.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 6,571 shares of the industrial products company’s stock worth $244,000 after buying an additional 1,260 shares during the last quarter. Tortoise Index Solutions LLC raised its position in Pentair by 23.2% during the 2nd quarter. Tortoise Index Solutions LLC now owns 5,021 shares of the industrial products company’s stock worth $187,000 after buying an additional 945 shares during the last quarter. Finally, UBS Group AG raised its position in Pentair by 17.3% during the 2nd quarter. UBS Group AG now owns 354,494 shares of the industrial products company’s stock worth $13,187,000 after buying an additional 52,187 shares during the last quarter. Hedge funds and other institutional investors own 85.76% of the company’s stock.

PNR stock traded down $0.09 during trading on Monday, reaching $38.00. 199,097 shares of the stock were exchanged, compared to its average volume of 1,588,194. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $36.77 and a 200-day moving average price of $38.51. Pentair has a 1 year low of $34.50 and a 1 year high of $45.99. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 3.01 and a beta of 1.18.

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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