Analysts forecast that Pentair PLC (NYSE:PNR) will announce earnings per share of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Pentair’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.67. Pentair posted earnings per share of $0.71 in the same quarter last year, which would indicate a negative year over year growth rate of 7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Pentair will report full-year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.29 to $2.34. For the next financial year, analysts expect that the company will report earnings of $2.57 per share, with EPS estimates ranging from $2.48 to $2.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Pentair.
Pentair (NYSE:PNR) last issued its earnings results on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $689.90 million for the quarter, compared to analyst estimates of $795.82 million. Pentair had a return on equity of 21.45% and a net margin of 10.13%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS.
Several research firms have commented on PNR. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, April 3rd. ValuEngine raised Pentair from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. BMO Capital Markets cut their price target on Pentair from $47.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Finally, Cowen reaffirmed an “outperform” rating and set a $45.00 price target (down previously from $52.00) on shares of Pentair in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.10.
PNR traded up $0.18 during trading on Monday, hitting $35.80. 29,870 shares of the stock were exchanged, compared to its average volume of 1,592,046. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 2.61 and a beta of 1.19. Pentair has a 1-year low of $34.72 and a 1-year high of $45.99. The company’s fifty day simple moving average is $36.79. The company has a quick ratio of 1.18, a current ratio of 1.77 and a debt-to-equity ratio of 0.73.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a $0.18 dividend. The ex-dividend date is Thursday, July 18th. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. Pentair’s dividend payout ratio (DPR) is currently 30.64%.
In related news, SVP Ademir Sarcevic sold 2,435 shares of Pentair stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $109,575.00. Following the sale, the senior vice president now directly owns 2,763 shares in the company, valued at $124,335. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of PNR. Norges Bank purchased a new stake in Pentair during the fourth quarter worth $66,268,000. Impax Asset Management Group plc increased its stake in Pentair by 73.9% in the fourth quarter. Impax Asset Management Group plc now owns 3,386,199 shares of the industrial products company’s stock valued at $127,931,000 after purchasing an additional 1,438,974 shares during the last quarter. Two Sigma Advisers LP increased its stake in Pentair by 292.7% in the fourth quarter. Two Sigma Advisers LP now owns 893,550 shares of the industrial products company’s stock valued at $33,758,000 after purchasing an additional 666,000 shares during the last quarter. SG Americas Securities LLC increased its stake in Pentair by 3,459.9% in the first quarter. SG Americas Securities LLC now owns 661,794 shares of the industrial products company’s stock valued at $29,456,000 after purchasing an additional 643,204 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Pentair by 242.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 890,811 shares of the industrial products company’s stock valued at $39,650,000 after purchasing an additional 630,836 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.
Pentair Company Profile
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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