Latham Group (SWIM) Scheduled to Post Quarterly Earnings on Tuesday

Latham Group (NASDAQ:SWIM) is set to issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Latham Group has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The business had revenue of $160.12 million during the quarter, compared to the consensus estimate 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 Up 1.5 %

SWIM opened at $6.62 on Tuesday. The business has a 50 day moving average price of $6.45 and a two-hundred day moving average price of $4.58. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.68. The company has a market cap of $765.14 million, a PE ratio of 73.56 and a beta of 1.88. Latham Group has a 52 week low of $2.09 and a 52 week high of $7.33.

Insider Buying and Selling

In other Latham Group news, CEO Scott Michael Rajeski sold 25,851 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $6.54, for a total value of $169,065.54. Following the transaction, the chief executive officer now owns 490,829 shares of the company’s stock, valued at $3,210,021.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Scott Michael Rajeski sold 25,851 shares of Latham Group stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $6.54, for a total transaction of $169,065.54. Following the sale, the chief executive officer now owns 490,829 shares of the company’s stock, valued at approximately $3,210,021.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the vice president now directly owns 38,748 shares in the company, valued at approximately $196,064.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,932 shares of company stock worth $441,364. Corporate insiders own 7.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SWIM has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Barclays upped their price target on Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Robert W. Baird upped their price target on Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

Latham Group Company Profile

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.