Pentair (NYSE:PNR) Updates FY 2019 Earnings Guidance

Pentair (NYSE:PNR) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.09-2.09 for the period. The company issued revenue guidance of $2.965-2.965 billion, compared to the consensus revenue estimate of $2.98 billion.Pentair also updated its Q4 guidance to $0.64-0.66 EPS.

Several equities research analysts have recently commented on the stock. ValuEngine raised shares of Pentair from a sell rating to a hold rating in a research report 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. Seaport Global Securities reissued a buy rating on shares of Pentair in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on shares of Pentair in a research report on Friday, September 20th. They set a hold rating for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Pentair currently has an average rating of Hold and a consensus price target of $45.17.

NYSE PNR traded up $2.19 during trading hours on Wednesday, reaching $41.58. 105,141 shares of the company’s stock traded hands, compared to its average volume of 970,330. The firm has a market cap of $6.55 billion, a PE ratio of 17.70, a PEG ratio of 3.28 and a beta of 1.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.47 and a quick ratio of 0.91. Pentair has a 52-week low of $34.50 and a 52-week high of $45.70. The firm has a 50-day simple moving average of $37.14 and a 200 day simple moving average of $37.37.

Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $713.60 million during the quarter, compared to analyst estimates of $719.07 million. Pentair had a net margin of 12.54% and a return on equity of 21.15%. Pentair’s revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Sell-side analysts forecast that Pentair will post 2.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.72 dividend on an annualized basis and a yield of 1.73%. Pentair’s dividend payout ratio is currently 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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