$821.06 Million in Sales Expected for Pool Co. (NASDAQ:POOL) This Quarter


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Wall Street brokerages predict that Pool Co. (NASDAQ:POOL) will announce sales of $821.06 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Pool’s earnings. The lowest sales estimate is $794.21 million and the highest is $845.00 million. Pool reported sales of $677.29 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, April 22nd.

According to Zacks, analysts expect that Pool will report full-year sales of $4.33 billion for the current fiscal year, with estimates ranging from $4.30 billion to $4.40 billion. For the next financial year, analysts expect that the company will post sales of $4.58 billion, with estimates ranging from $4.54 billion to $4.66 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Pool.

Pool (NASDAQ:POOL) last announced its earnings results on Wednesday, February 10th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.68. Pool had a net margin of 8.85% and a return on equity of 70.48%.

Several brokerages recently weighed in on POOL. Jefferies Financial Group increased their price objective on shares of Pool from $350.00 to $400.00 and gave the company a “hold” rating in a report on Friday, January 15th. Stephens began coverage on shares of Pool in a report on Wednesday, November 11th. They issued an “equal weight” rating on the stock. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $302.67.

NASDAQ POOL traded up $2.97 during trading hours on Thursday, hitting $317.40. The company’s stock had a trading volume of 14,997 shares, compared to its average volume of 368,878. The stock has a fifty day moving average of $358.46 and a 200 day moving average of $342.82. Pool has a twelve month low of $160.35 and a twelve month high of $401.29. The firm has a market capitalization of $12.75 billion, a P/E ratio of 38.97 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 2.21 and a debt-to-equity ratio of 0.56.

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Pool by 63.0% during the fourth quarter. SG Americas Securities LLC now owns 18,284 shares of the specialty retailer’s stock worth $6,811,000 after acquiring an additional 7,068 shares in the last quarter. International Assets Investment Management LLC bought a new position in Pool in the fourth quarter valued at $187,000. AQR Capital Management LLC grew its position in Pool by 19.1% in the third quarter. AQR Capital Management LLC now owns 47,376 shares of the specialty retailer’s stock valued at $15,793,000 after purchasing an additional 7,601 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Pool by 2.1% in the third quarter. UBS Asset Management Americas Inc. now owns 104,318 shares of the specialty retailer’s stock valued at $34,899,000 after purchasing an additional 2,157 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Pool in the third quarter valued at $4,926,000. 90.62% of the stock is owned by institutional investors.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; fiberglass pools, and spas and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Earnings History and Estimates for Pool (NASDAQ:POOL)

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