Brokerages Expect Pentair PLC (NYSE:PNR) Will Post Quarterly Sales of $718.93 Million

Equities analysts expect Pentair PLC (NYSE:PNR) to report $718.93 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Pentair’s earnings, with estimates ranging from $713.20 million to $721.90 million. Pentair posted sales of $711.40 million during the same quarter last year, which suggests a positive year over year growth rate of 1.1%. The firm is scheduled to report its next quarterly earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that Pentair will report full-year sales of $2.98 billion for the current fiscal year, with estimates ranging from $2.96 billion to $2.99 billion. For the next financial year, analysts expect that the business will post sales of $3.10 billion, with estimates ranging from $3.05 billion to $3.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Pentair.

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

A number of research firms recently issued reports on PNR. ValuEngine upgraded Pentair from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Jefferies Financial Group began coverage on Pentair in a research note on Friday, September 20th. They set a “hold” rating on the stock. Finally, Morgan Stanley boosted their price objective on Pentair from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.17.

Institutional investors have recently bought and sold shares of the stock. Private Capital Group LLC grew its position in Pentair by 445.0% during the second quarter. Private Capital Group LLC now owns 594 shares of the industrial products company’s stock worth $25,000 after buying an additional 485 shares in the last quarter. HM Payson & Co. purchased a new position in Pentair during the second quarter worth about $28,000. Personal Wealth Partners purchased a new position in Pentair during the second quarter worth about $40,000. CSat Investment Advisory L.P. grew its position in Pentair by 41.9% during the second quarter. CSat Investment Advisory L.P. now owns 1,497 shares of the industrial products company’s stock worth $56,000 after buying an additional 442 shares in the last quarter. Finally, Huntington National Bank grew its position in Pentair by 25.0% during the second quarter. Huntington National Bank now owns 1,519 shares of the industrial products company’s stock worth $57,000 after buying an additional 304 shares in the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.

Shares of NYSE:PNR traded up $0.06 during midday trading on Friday, reaching $35.22. 75,226 shares of the company traded hands, compared to its average volume of 1,535,742. The company has a quick ratio of 0.91, a current ratio of 1.47 and a debt-to-equity ratio of 0.67. Pentair has a 12 month low of $34.50 and a 12 month high of $45.70. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 3.07 and a beta of 1.18. The firm’s fifty day moving average price is $36.57 and its two-hundred day moving average price is $37.78.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, October 17th. Pentair’s payout ratio is 30.64%.

Pentair Company Profile

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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