Pool Corporation Declares a Dividend of $0.31 Per Share

Pool Corporation (POOL) has a market capitalization of $4.2 billion. It fell by 0.13% to close at $102.28 per share on July 29, 2016.

Gabriel Kane - Author
By

Aug. 1 2016, Published 4:40 p.m. ET

uploads///pool pm

Price movement

Pool Corporation (POOL) has a market capitalization of $4.2 billion. It fell by 0.13% to close at $102.28 per share on July 29, 2016.

The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.0%, 12.0%, and 27.5%, respectively, on the same day. POOL is trading 5.1% above its 20-day moving average, 9.8% above its 50-day moving average, and 20.6% above its 200-day moving average.

Article continues below advertisement
Article continues below advertisement

Related ETFs and peers

The SPDR S&P 400 Mid-Cap Growth ETF (MDYG) invests 0.57% of its holdings in Pool. The ETF tracks a market cap–weighted index of growth companies selected from the S&P 400. The YTD price movement of MDYG was 9.4% on July 29.

The Vanguard Small-Cap ETF (VB) invests 0.10% of its holdings in Pool. The ETF tracks the CRSP US Small Cap Index. The market cap–weighted index includes the bottom 2%–15% of the investable universe.

The market capitalizations of Pool’s competitors are as follows:

  • Home Depot (HD) — $172.4 billion
  • Beacon Roofing Supply (BECN) — $2.8 billion

Pool declared a dividend

Pool Corporation has declared a quarterly cash dividend of $0.31 per share on its common stock. The dividend will be paid on August 24, 2016, to shareholders of record on August 10, 2016.

Article continues below advertisement

Performance of Pool in 2Q16

Pool reported 2Q16 net sales of $918.9 million, a rise of 7.9% compared to net sales of $851.9 million in 2Q15. The company’s gross profit margin and operating income rose by 1.1% and 10.3%, respectively, in 2Q16 over 2Q15.

Its net income and EPS (earnings per share) rose to $85.4 million and $1.98, respectively, in 2Q16, compared to $77.9 million and $1.75, respectively, in 2Q15. It reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $150.3 million in 2Q16, a rise of 10.6% over 2Q15.

Pool’s cash and cash equivalents fell by 21.3%, and its product inventories rose by 4.2% in 2Q16 over 2Q15. Its current ratio fell to 2.3x, and its debt-to-equity ratio rose to 3.5x in 2Q16, compared to a current ratio and a debt-to-equity ratio of 2.6x and 3.3x, respectively, in 2Q15. Pool has projected EPS in the range of $3.30–$3.45 for 2016.

In the next article, we’ll discuss WestRock (WRK).

Advertisement

Latest Beacon Roofing Supply Inc News and Updates

    Opt-out of personalized ads

    © Copyright 2024 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.