worth buying post Earnings results? Pentair (NYSE:PNR)

Earnings results for Pentair (NYSE:PNR)

Pentair plc. is estimated to report earnings on 10/19/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.84. The reported EPS for the same quarter last year was $0.7.

Pentair last posted its earnings data on July 27th, 2021. The industrial products company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $912.55 million. Its quarterly revenue was up 31.9% on a year-over-year basis. Pentair has generated $2.50 earnings per share over the last year ($2.83 diluted earnings per share) and currently has a price-to-earnings ratio of 25.0. Earnings for Pentair are expected to grow by 9.14% in the coming year, from $3.39 to $3.70 per share. Pentair has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, October 19th, 2021 based off prior year’s report dates.

Analyst Opinion on Pentair (NYSE:PNR)

According to the issued ratings of 14 analysts in the last year, the consensus rating for Pentair stock is Hold based on the current 4 sell ratings, 4 hold ratings and 6 buy ratings for PNR. The average twelve-month price target for Pentair is $74.33 with a high price target of $100.00 and a low price target of $57.00.

on PNR’s analyst rating history

Pentair has received a consensus rating of Hold. The company’s average rating score is 2.14, and is based on 6 buy ratings, 4 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $74.33, Pentair has a forecasted upside of 5.0% from its current price of $70.80. Pentair has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Pentair (NYSE:PNR)

Pentair pays a meaningful dividend of 1.10%, higher than the bottom 25% of all stocks that pay dividends. Pentair has been increasing its dividend for 45 years. The dividend payout ratio of Pentair is 32.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Pentair will have a dividend payout ratio of 21.62% next year. This indicates that Pentair will be able to sustain or increase its dividend.

Insiders buying/selling: Pentair (NYSE:PNR)

In the past three months, Pentair insiders have not sold or bought any company stock. Only 0.96% of the stock of Pentair is held by insiders. 82.01% of the stock of Pentair is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Pentair (NYSE:PNR

Earnings for Pentair are expected to grow by 9.14% in the coming year, from $3.39 to $3.70 per share. The P/E ratio of Pentair is 25.02, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.68. The P/E ratio of Pentair is 25.02, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 33.05. Pentair has a PEG Ratio of 1.54. PEG Ratios above 1 indicate that a company could be overvalued. Pentair has a P/B Ratio of 5.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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