Pentair Reports Strong Second Quarter 2024 Results
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Pentair (PNR) PT Raised to $101 at RBC Capital
July 24, 2024 6:28 AM EDTRBC Capital analyst Deane Dray raised the price target on Pentair (NYSE: PNR) to $101.00 (from $99.00) while maintaining a Outperform rating.
The analyst comments "Outperform-rated Pentair navigated past the rough water cited in the recent negative preannouncements by the distributors POOL and... More
Pentair (PNR) Tops Q2 EPS by 8c, Offers Guidance
July 23, 2024 7:00 AM EDTPentair (NYSE: PNR) reported Q2 EPS of $1.22, $0.08 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion.
GUIDANCE:
Pentair sees FY2024 EPS of $4.25, versus the consensus of $4.16.
Pentair sees Q3 2024 EPS of $1.06-$1.08, versus the consensus of $1.06.
Mr. Stauch concluded, We are introducing third quarter guidance and updating our full year outlook. We expect stronger margin expansion than we... More
