Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- FED Front & Center Again
- Roundtable Top Picks of the Week
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- 3 Japanese Stocks to Buy Now
- Your Next Stock Should Be Making New Highs
- Anatomy of Success: Stoneridge (SRI)
- RTI: What Will the Fed Do Wednesday?
- PFP 6/19: Investors Bold in Wake of the Fed
- AWS 6/18: Can the Fed Afford to Keep the Suspense?
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/18/2013
| Company Name | Symbol | %Change |
|---|---|---|
| STAAR SURGIC | STAA | 10.98% |
| LUMOS NETWOR | LMOS | 5.70% |
| INSTEEL INDS | IIIN | 5.28% |
| ERICKSON AIR | EAC | 5.10% |
| ASSURED GUAR | AGO | 4.98% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
And management expects this strong momentum to continue in 2012. After its latest beat, management provided 2012 earnings guidance above consensus, prompting analysts to revise their estimates higher. It is a Zacks #2 Rank (Buy) stock.
In addition to strong growth, the company offers a dividend that yields a solid 1.6%.
Company Description
Pool Corporation is the largest wholesale distributor of swimming pool and related backyard products. It operates 298 sales centers in North America and Europe.
The company is headquartered in Covington, Louisiana and has a market cap of $1.7 billion.
Fourth Quarter Results
The fourth quarter is seasonally slow for Pool, but results still came in ahead of expectations. The company reported a loss per share of 21 cents, ahead of the Zacks Consensus Estimate by a penny. This was also better than the loss of 24 cents in the same quarter last year.
Net sales rose 12% to $270.4 million, beating the Zacks Consensus Estimate of $258.0 million. Base business sales increased 10%.
Operating loss for the quarter was $14.3 million compared to a loss of $16.8 million in the same quarter last year.
Outlook
CEO Manuel Perez de la Mesa described Pool's full year 2011 results as "exceptional". And he expects to leverage that momentum and take market share in 2012.
The company expects to earn between $1.69 to $1.79 per share in 2012 on sales growth in the mid- to upper-single digits. This was ahead of the consensus at the time and prompted analysts to revise their estimates higher, sending the stock to a Zacks #2 Rank (Buy).
The Zacks Consensus Estimate for 2012 is now $1.75, within guidance, and representing 19% growth over 2011 EPS. The 2013 consensus estimate is currently $2.06, corresponding with 18% growth.
The company is scheduled to report its first quarter results on April 18.
Dividend
Pool began paying a dividend in 2004 and has raised it 6 times since then at a compound annual rate of 10%.
It currently yields 1.6%.
Its payout ratio is a very manageable 38%, so as long as earnings continue to grow, expect more dividend hikes in the future.
Valuation
Shares trade at 20x 12-month forward earnings, a small premium to its 10-year median of 18x. But this premium seems justified given its stellar expected growth over the next two years.
The Bottom Line
With strong earnings momentum, solid growth projections, and a 1.6% yield, Pool Corporation has a lot of upside potential.
Todd Bunton is the Growth & Income Stock Strategist for Zacks Investment Research and Co-Editor of the Reitmeister Value Investor.
Get the full Analyst Report on POOL - FREE