Latham Group (SWIM) Set to Announce Earnings on Tuesday

Latham Group (NASDAQ:SWIM) will post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Latham Group to post earnings of $0.07 per share for the quarter. Latham Group has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Latham Group (NASDAQ:SWIM) last issued its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $160.12 million for the quarter, compared to analyst estimates of $156.00 million. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. On average, analysts expect Latham Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Latham Group Stock Down 0.5 %

Shares of Latham Group stock opened at $6.47 on Friday. The firm has a market cap of $747.80 million, a price-to-earnings ratio of 71.89 and a beta of 1.88. The stock has a 50-day simple moving average of $6.49 and a 200-day simple moving average of $4.66. Latham Group has a 52-week low of $2.09 and a 52-week high of $7.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.22 and a quick ratio of 2.15.

Insider Buying and Selling at Latham Group

In other news, VP Suraj Kunchala sold 10,139 shares of Latham Group stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $5.06, for a total value of $51,303.34. Following the transaction, the vice president now owns 38,748 shares of the company’s stock, valued at $196,064.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Scott Michael Rajeski sold 33,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.09, for a total transaction of $200,970.00. Following the completion of the transaction, the chief executive officer now owns 516,680 shares of the company’s stock, valued at approximately $3,146,581.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Suraj Kunchala sold 10,139 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $5.06, for a total value of $51,303.34. Following the completion of the sale, the vice president now directly owns 38,748 shares in the company, valued at $196,064.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,148 shares of company stock worth $507,155 over the last 90 days. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SWIM. Robert W. Baird lifted their target price on shares of Latham Group from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus lifted their price objective on shares of Latham Group from $6.80 to $7.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Barclays increased their target price on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th.

About Latham Group

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.