Pentair (PNR) Projected to Post Earnings on Tuesday

Pentair (NYSE:PNR) will likely be posting its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect Pentair to post earnings of $1.01 per share and revenue of $988.38 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, analysts expect Pentair to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Pentair Stock Performance

Shares of PNR stock opened at $80.27 on Friday. Pentair has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.87 and a beta of 1.13. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $87.81 and its 200-day simple moving average is $97.23.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is presently 26.74%.

Analyst Upgrades and Downgrades

PNR has been the subject of a number of recent research reports. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Robert W. Baird raised shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target on the stock in a research report on Tuesday, March 25th. Baird R W upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Citigroup decreased their price target on shares of Pentair from $118.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus dropped their price objective on Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.