Pool Corporation (POOL) Releases Earnings Results, Beats Expectations By $0.05 EPS

Pool Corporation (POOL) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $1.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.93. The company posted revenue of $918.90 million in the period, compared to analysts expectations of $904.02 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS.

Many Wall Street Analysts have commented on Pool Corporation. Pool Corporation was Downgraded by Johnson Rice to ” Accumulate” on Jul 15, 2016.

Pool Corporation opened for trading at $96.1 and hit $97.5 on the upside on Wednesday, eventually ending the session at $97.13, with a gain of 1.08% or 1.04 points. The heightened volatility saw the trading volume jump to 3,72,222 shares. Company has a market cap of $4,086 M.

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.