$1.17 Billion in Sales Expected for Pool Co. (NASDAQ:POOL) This Quarter

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Analysts expect Pool Co. (NASDAQ:POOL) to report sales of $1.17 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pool’s earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.16 billion. Pool reported sales of $1.06 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.4%. The firm is expected to issue its next earnings report on Thursday, July 18th.

According to Zacks, analysts expect that Pool will report full year sales of $3.25 billion for the current fiscal year, with estimates ranging from $3.25 billion to $3.27 billion. For the next year, analysts anticipate that the firm will report sales of $3.49 billion, with estimates ranging from $3.44 billion to $3.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Pool.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05). The company had revenue of $597.50 million during the quarter, compared to analysts’ expectations of $608.36 million. Pool had a return on equity of 79.99% and a net margin of 7.83%. Pool’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share.

A number of analysts have recently issued reports on POOL shares. BidaskClub lowered shares of Pool from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a research report on Tuesday, April 16th. ValuEngine raised shares of Pool from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Stephens set a $186.00 price target on shares of Pool and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, Robert W. Baird raised shares of Pool from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $160.00 to $177.00 in a research report on Friday, February 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $171.20.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.01, for a total value of $1,860,100.00. Following the transaction, the insider now owns 69,702 shares in the company, valued at $12,965,269.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Arthur D. Cook sold 10,550 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $159.38, for a total value of $1,681,459.00. Following the completion of the transaction, the vice president now owns 49,042 shares in the company, valued at approximately $7,816,313.96. The disclosure for this sale can be found here. Insiders sold 213,612 shares of company stock worth $37,530,142 in the last 90 days. 6.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in POOL. Bessemer Group Inc. increased its position in Pool by 81.2% in the fourth quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock worth $77,000 after buying an additional 233 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Pool by 79.2% during the fourth quarter. King Luther Capital Management Corp now owns 13,405 shares of the specialty retailer’s stock worth $1,993,000 after purchasing an additional 5,925 shares during the last quarter. Raymond James & Associates lifted its stake in Pool by 3.9% during the first quarter. Raymond James & Associates now owns 152,223 shares of the specialty retailer’s stock worth $25,112,000 after purchasing an additional 5,679 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its stake in Pool by 18.8% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 912,826 shares of the specialty retailer’s stock worth $135,692,000 after purchasing an additional 144,724 shares during the last quarter. Finally, Aptus Capital Advisors LLC bought a new stake in Pool during the fourth quarter worth $311,000. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Shares of NASDAQ POOL traded down $0.73 during mid-day trading on Tuesday, reaching $190.29. The company had a trading volume of 1,579 shares, compared to its average volume of 167,853. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.96 and a quick ratio of 0.60. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. Pool has a 12-month low of $136.83 and a 12-month high of $193.03.

Pool declared that its board has approved a share repurchase program on Thursday, May 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.20 dividend on an annualized basis and a yield of 1.16%. This is an increase from Pool’s previous quarterly dividend of $0.45. Pool’s dividend payout ratio is currently 39.15%.

About Pool

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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