PNR acquires G&F Manufacturing for around $108 million in cash to boost its presence in Florida.
Pentair (PNR) reported earnings 30 days ago. What's next for the stock?
Investors interested in Waste Removal Services stocks are likely familiar with Pentair plc (PNR) and Waste Management (WM). But which of these two stocks presents investors with the better value opportunity right now?
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Does Pentair plc (PNR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Pentair has consistently surpassed EPS and revenue expectations, with a 56% share price increase over the past year, outperforming its industry and the S&P 500. I'm encouraged by their debt reduction strategy, with net debt decreasing by $545 million and cash reserves increasing significantly in the past year. I see potential in the company's capital allocation, including a robust share buyback program and a stable dividend payment.
Pentair plc PNR reported better-than-expected results for its third quarter on Tuesday.
Pentair plc (NYSE:PNR ) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants Shelly Hubbard - VP of IR John Stauch - President and CEO Robert Fishman - CFO and CAO Conference Call Participants Deane Dray - RBC Capital Markets Andy Kaplowitz - Citigroup Julian Mitchell - Barclays Steve Tusa - JPMorgan Bryan Blair - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Inc. Andrew Krill - Deutsche Bank Nathan Jones - Stifel Mike Halloran - Baird Joe Giordano - TD Cowen Brett Linzey - Mizuho Scott Graham - Seaport Research Damian Karas - UBS Operator Welcome to the Pentair Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
PNR expects an adjusted EPS of $4.27 for 2024, up from the earlier mentioned $4.25.
The headline numbers for Pentair (PNR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Pentair plc (PNR) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.94 per share a year ago.