Wall Street analysts expect Pentair plc (NYSE:PNR) to report earnings of $0.61 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Pentair’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.63. Pentair reported earnings of $0.52 per share in the same quarter last year, which suggests a positive year over year growth rate of 17.3%. The business is expected to issue its next quarterly earnings report on Thursday, April 29th.
According to Zacks, analysts expect that Pentair will report full-year earnings of $2.74 per share for the current fiscal year, with EPS estimates ranging from $2.66 to $2.82. For the next financial year, analysts forecast that the firm will report earnings of $3.01 per share, with EPS estimates ranging from $2.90 to $3.15. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pentair.
Pentair (NYSE:PNR) last announced its earnings results on Thursday, January 28th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The company had revenue of $796.00 million for the quarter, compared to analyst estimates of $752.85 million. Pentair had a return on equity of 21.27% and a net margin of 11.87%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS.
Shares of NYSE:PNR traded down $0.67 during midday trading on Tuesday, hitting $55.11. The company’s stock had a trading volume of 4,133 shares, compared to its average volume of 1,204,537. Pentair has a 12-month low of $22.01 and a 12-month high of $59.30. The company has a market cap of $9.15 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The business’s 50 day simple moving average is $55.78 and its 200 day simple moving average is $50.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 1.18.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 23rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, April 22nd. Pentair’s dividend payout ratio is presently 33.61%.
In other news, Director T Michael Glenn sold 4,225 shares of the business’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $52.35, for a total transaction of $221,178.75. Following the sale, the director now directly owns 25,088 shares in the company, valued at $1,313,356.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC boosted its stake in Pentair by 4.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 5,680 shares of the industrial products company’s stock valued at $302,000 after buying an additional 241 shares in the last quarter. Federated Hermes Inc. boosted its stake in Pentair by 2.3% in the fourth quarter. Federated Hermes Inc. now owns 11,862 shares of the industrial products company’s stock worth $630,000 after purchasing an additional 265 shares in the last quarter. FDx Advisors Inc. boosted its stake in Pentair by 4.7% in the fourth quarter. FDx Advisors Inc. now owns 6,227 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 279 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Pentair by 0.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 72,240 shares of the industrial products company’s stock worth $3,306,000 after purchasing an additional 300 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Pentair by 3.1% during the third quarter. Meeder Asset Management Inc. now owns 12,600 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 80.25% of the company’s stock.
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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