UK's Pentair beats first-quarter profit estimates on price hikes [Reuters]
Pentair plc. Ordinary Share (PNR)
Last pentair plc. ordinary share earnings: 4/30 06:55 am
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Source: Reuters
Pentair, which provides residential and industrial water technology products and services, had implemented price increases to offset slow demand for new pools and related services amid sticky inflation. Sales in its flow segment, which makes water pumps, were down 2% in the quarter compared with a year earlier. Pool segment sales were also down 1% from a year earlier. Pentair, however, reiterated its forecast of an adjusted profit of $4.15 to $4.25 per share for the full year, compared with estimates of a profit of $4.20, according to LSEG data. It forecast second-quarter adjusted profit of about $1.15 to $1.17 per share, compared with estimates of $1.16. "For the first time in nearly four years, we are pleased to be entering what we believe to be a more normal operating environment," Pentair's Chief Executive John Stauch said. For the first quarter, the company reported an adjusted profit of 94 cents per share, beating analysts' average expectation of 90 cents. The Techn
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News
- Pentair plc (NYSE: PNR) had its price target raised by analysts at TD Cowen from $80.00 to $85.00. They now have a "buy" rating on the stock.MarketBeat
- Pentair plc (NYSE: PNR) had its price target raised by analysts at Barclays PLC from $92.00 to $95.00. They now have an "overweight" rating on the stock.MarketBeat
- Pentair plc (NYSE: PNR) had its price target raised by analysts at UBS Group AG from $83.00 to $91.00. They now have a "buy" rating on the stock.MarketBeat
- Pentair plc (NYSE: PNR) had its price target raised by analysts at Royal Bank of Canada from $101.00 to $103.00. They now have an "outperform" rating on the stock.MarketBeat
- Pentair plc (NYSE:PNR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
PNR
Earnings
- 4/23/24 - Beat
PNR
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 3/22/24 - Form DEFA14A
- PNR's page on the SEC website