Why Pentair (PNR) Stock Is Down Today

NEW YORK (TheStreet) -- Pentair (PNR) was falling -5.6% to $75.98 Tuesday after missing analysts' estimates for revenue in the first quarter and guiding below estimates for the second quarter.

For the first quarter Pentair posted earnings of 73 cents a share, in-line with the Capital IQ Consensus Estimate. Revenue fell 2.8% from the year-ago quarter to $1.73 billion, missing the consensus estimate of $1.79 billion.

Looking to the second quarter, the company expects earnings of between $1.02 and $1.05 a share, while analysts expect earnings of $1.10 a share. Pentair forecasts call for revenue of about $1.95 billion in the second quarter, compared to the Capital IQ Consensus Estimate of $2.02 billion.

"We continue to have confidence in our ability to deliver on the areas within our control," chairman and CEO Randall J. Hogan said in a press release. "We believe the second quarter will represent our last significant year-over-year Australian project headwind and the second half should show improving growth."

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TheStreet Ratings team rates PENTAIR LTD as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate PENTAIR LTD (PNR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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