Analysts expect Leslie’s, Inc. (NASDAQ:LESL – Get Rating) to report earnings of $0.79 per share for the current fiscal quarter, according to Zacks. Six analysts provided earnings estimates for Leslie, with the highest EPS estimate being $0.84 and the lowest estimate being $0.72. Leslie’s posted earnings of $0.64 per share in the same quarter last year, indicating a positive year-over-year growth rate of 23.4%. The company is expected to announce its next earnings report on Monday, January 1.
On average, analysts expect Leslie’s to report annual earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.10. For next year, analysts expect the company to post earnings of $1.21 per share, with EPS estimates ranging from $1.18 to $1.24. Zacks Investment Research’s earnings per share averages are an average based on a survey of research companies that follow Leslie’s.
Leslie’s (NASDAQ:LESL – Get Rating) last released its quarterly results on Thursday, May 5. The company reported ($0.01) earnings per share for the quarter, beating analyst consensus estimates of ($0.02) by $0.01. The company posted revenue of $228.07 million in the quarter, versus analyst estimates of $211.32 million. The company’s revenue for the quarter increased by 18.5% compared to the same quarter last year. During the same period of the previous year, the company posted EPS ($0.02).
LESL has been the subject of a number of research analyst reports. Zacks Investment Research raised Leslie’s rating from a “sell” rating to a “hold” rating and set a target price of $19.00 for the company in a Friday, May 13 report. Robert W. Baird reduced his target price on Leslie’s from $28.00 to $25.00 in a Friday, May 6 report. Finally, Goldman Sachs Group raised Leslie’s rating from a “neutral” rating to a “buy” rating and raised its target price for the company from $26.00 to $27.00 in a report on Monday 4 april. One analyst rated the stock with a hold rating and ten have issued a buy rating for the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $29.73.
Shares of Leslie traded down $0.13 during the midday session on Friday, hitting $19.86. 28,635 shares of the stock have been traded, compared to its average volume of 2,156,887. The company has a 50-day moving average of $19.65 and a 200-day moving average of $20.67. Leslie’s has a fifty-two week minimum of $16.40 and a fifty-two week maximum of $31.55. The stock has a market capitalization of $3.63 billion, a PE ratio of 27.58, a PEG ratio of 1.51 and a beta of 0.55.
Separately, insider Moyo Labode sold 4,696 shares in a trade that took place on Thursday, May 12. The stock was sold at an average price of $17.48, for a total value of $82,086.08. Following the completion of the transaction, the insider now directly owns 11,554 shares of the company, valued at $201,963.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.60% of the company’s shares.
Several institutional investors and hedge funds have recently increased or reduced their stake in LESL. Morgan Stanley increased its position in Leslie’s shares by 456.9% during the second quarter. Morgan Stanley now owns 1,233,361 shares of the company worth $33,905,000 after purchasing an additional 1,011,882 shares during the period. Advisor Group Holdings Inc. increased its position in Leslie’s shares by 12.6% during the third quarter. Advisor Group Holdings Inc. now owns 13,163 shares of the company worth $272,000 after purchasing an additional 1,469 shares during the period. Principal Financial Group Inc. increased its position in Leslie’s shares by 3.7% during the third quarter. Principal Financial Group Inc. now owns 11,957 shares of the company worth $246,000 after purchasing an additional 431 shares during the period. Alliancebernstein LP increased its position in Leslie’s shares by 7.9% during the third quarter. Alliancebernstein LP now owns 104,798 shares of the company worth $2,153,000 after purchasing an additional 7,691 shares during the period. Finally, First Republic Investment Management Inc. increased its position in Leslie’s shares by 8.4% during the third quarter. First Republic Investment Management Inc. now owns 52,469 shares of the company worth $1,078,000 after purchasing an additional 4,072 shares during the period.
About Lesley (Get a rating)
Leslie’s, Inc. operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals and algae control; swimming pool covers, including winter, solar and safety covers, leaf nets, cover reels and cover alternatives; pool equipment, which includes pool cleaners, pool pumps, pool filters, pool heaters and pool lights; and swimming pools, such as above ground pools, soft sided pools, above ground pool liners and equipment, ladders and rails and diving boards.
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