Brokerages Anticipate Leslie’s, Inc. (NASDAQ:LESL) Will Announce Quarterly Sales of $706.22 Million

Wall Street brokerages forecast that Leslie’s, Inc. (NASDAQ:LESL – Get Rating) will announce $706.22 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Leslie’s’ earnings, with the lowest sales estimate coming in at $682.44 million and the highest estimate coming in at $722.00 million. Leslie’s posted sales of $596.54 million during the same quarter last year, which suggests a positive year-over-year growth rate of 18.4%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Leslie’s will report full year sales of $1.60 billion for the current fiscal year, with estimates ranging from $1.58 billion to $1.61 billion. For the next financial year, analysts anticipate that the company will post sales of $1.71 billion, with estimates ranging from $1.68 billion to $1.76 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Leslie’s.

Leslie’s (NASDAQ:LESL – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $228.07 million for the quarter, compared to the consensus estimate of $211.32 million. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.02) EPS.

Several brokerages recently commented on LESL. Zacks Investment Research upgraded shares of Leslie’s from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Friday, May 13th. The Goldman Sachs Group upgraded shares of Leslie’s from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $27.00 in a report on Monday, April 4th. Finally, Robert W. Baird dropped their target price on shares of Leslie’s from $28.00 to $25.00 in a report on Friday, May 6th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Leslie’s presently has a consensus rating of “Buy” and an average price target of $29.73.

Shares of Leslie’s stock traded down $1.12 during midday trading on Friday, reaching $17.88. 16,579 shares of the company’s stock traded hands, compared to its average volume of 1,866,160. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.81 and a beta of 0.54. The company’s 50 day simple moving average is $20.00 and its 200 day simple moving average is $20.97. Leslie’s has a 52 week low of $16.40 and a 52 week high of $31.55.

In other news, insider Moyo Labode sold 4,696 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $17.48, for a total transaction of $82,086.08. Following the transaction, the insider now owns 11,554 shares in the company, valued at approximately $201,963.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Deutsche Bank AG boosted its position in shares of Leslie’s by 78.2% during the 3rd quarter. Deutsche Bank AG now owns 177,726 shares of the company’s stock valued at $3,650,000 after acquiring an additional 78,014 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Leslie’s by 30.0% during the 4th quarter. DAVENPORT & Co LLC now owns 70,744 shares of the company’s stock valued at $1,674,000 after acquiring an additional 16,326 shares in the last quarter. BlackRock Inc. boosted its position in shares of Leslie’s by 7.0% during the 3rd quarter. BlackRock Inc. now owns 12,538,082 shares of the company’s stock valued at $257,531,000 after acquiring an additional 822,050 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Leslie’s in the third quarter valued at about $205,000. Finally, BOKF NA acquired a new position in Leslie’s in the third quarter valued at about $739,000.

Leslie’s Company Profile (Get 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; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.

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