Pool Corporation (POOL) is Downgraded by Johnson Rice to Accumulate

Pool Corporation (POOL) was Downgraded by Johnson Rice to ” Accumulate”. Earlier the firm had a rating of “Buy ” on the company shares. Johnson Rice advised their investors in a research report released on Jul 15, 2016.

On the company’s financial health, Pool Corporation reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.24. The company had revenue of $515.25 million for the quarter, compared to analysts expectations of $483.61 million. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Pool Corporation closed down -0.26 points or -0.27% at $96.1 with 2,70,475 shares getting traded on Friday. Post opening the session at $94.93, the shares hit an intraday low of $93.89 and an intraday high of $96.61 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 9, 2016, Arthur D Cook (GROUP VICE PRESIDENT) sold 20,454 shares at $88.00 per share price. According to the SEC, on Apr 28, 2016, Romain Kenneth G St (GROUP VICE PRESIDENT) sold 22,000 shares at $89.19 per share price. On Apr 26, 2016, Jennifer M Neil (GENERAL COUNSEL/SECRETARY) sold 4,648 shares at $89.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Pool Corporation is a distributor of swimming pool supplies equipment and related leisure products. The Company is also a distributor of irrigation and landscape products. The Company operates approximately 328 sales centers in North America Europe South America and Australia through its four distribution networks: SCP Distributors (SCP); Superior Pool Products (Superior); Horizon Distributors (Horizon) and National Pool Tile (NPT). The Company’s product offerings also include building materials used for pool construction installations and remodeling such as concrete and pool surfacing and decking materials. The Company’s products include maintenance products repair and replacement parts for pool equipment packaged pool kits pool equipment and components for pool construction and irrigation and landscape products among others.

Pool Corporation

Leave a Reply

Pool Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Pool Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.