Q4 2019 EPS Estimates for Pool Co. Cut by KeyCorp (NASDAQ:POOL)

Pool Co. (NASDAQ:POOL) – Investment analysts at KeyCorp reduced their Q4 2019 earnings estimates for Pool in a note issued to investors on Thursday, October 17th. KeyCorp analyst K. Zener now forecasts that the specialty retailer will post earnings of $0.33 per share for the quarter, down from their prior forecast of $0.44.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.95 EPS for the quarter, topping the consensus estimate of $1.78 by $0.17. Pool had a return on equity of 82.52% and a net margin of 8.24%. The business had revenue of $898.50 million during the quarter, compared to analyst estimates of $883.54 million. During the same period last year, the business posted $1.66 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis.

Several other research firms have also commented on POOL. Robert W. Baird raised their price target on Pool from $192.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Stephens raised their price target on Pool from $187.00 to $196.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. Zacks Investment Research lowered Pool from a “buy” rating to a “hold” rating and set a $228.00 price target for the company. in a research report on Monday. Sidoti lowered Pool from a “buy” rating to a “neutral” rating and set a $215.00 target price for the company. in a report on Friday, August 23rd. Finally, ValuEngine lowered Pool from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Pool presently has an average rating of “Hold” and an average price target of $217.25.

POOL opened at $212.90 on Monday. Pool has a 52 week low of $136.83 and a 52 week high of $228.19. The business has a fifty day simple moving average of $199.94 and a 200-day simple moving average of $189.43. The firm has a market cap of $8.68 billion, a P/E ratio of 37.88, a P/E/G ratio of 1.56 and a beta of 0.88. The company has a quick ratio of 0.98, a current ratio of 2.68 and a debt-to-equity ratio of 1.62.

A number of large investors have recently added to or reduced their stakes in POOL. Invesco Ltd. boosted its holdings in Pool by 88.8% in the second quarter. Invesco Ltd. now owns 1,527,657 shares of the specialty retailer’s stock valued at $291,783,000 after purchasing an additional 718,312 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in Pool by 15,828.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 258,038 shares of the specialty retailer’s stock worth $25,804,000 after buying an additional 256,418 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Pool by 1,809.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 168,310 shares of the specialty retailer’s stock worth $32,147,000 after buying an additional 159,494 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Pool by 5.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,670,558 shares of the specialty retailer’s stock worth $319,080,000 after buying an additional 83,807 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Pool by 3.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,872,864 shares of the specialty retailer’s stock worth $357,717,000 after buying an additional 56,797 shares during the last quarter. Hedge funds and other institutional investors own 94.31% of the company’s stock.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 6,874 shares of Pool stock in a transaction on Monday, August 19th. The stock was sold at an average price of $198.17, for a total value of $1,362,220.58. Following the completion of the transaction, the insider now directly owns 66,576 shares in the company, valued at $13,193,365.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark W. Joslin sold 1,429 shares of Pool stock in a transaction on Friday, August 9th. The shares were sold at an average price of $200.00, for a total value of $285,800.00. Following the completion of the transaction, the chief financial officer now owns 140,356 shares of the company’s stock, valued at $28,071,200. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,965 shares of company stock valued at $9,560,885. 6.00% of the stock is currently owned by company insiders.

Pool Company Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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Earnings History and Estimates for Pool (NASDAQ:POOL)

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