Latham Group (SWIM) Projected to Post Earnings on Tuesday

Latham Group (NASDAQ:SWIM) is expected to be posting its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect Latham Group to post earnings of ($0.09) per share and revenue of $85.14 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Latham Group Stock Performance

NASDAQ:SWIM opened at $5.91 on Friday. The stock has a market capitalization of $683.34 million, a P/E ratio of 65.67 and a beta of 1.81. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group has a 1 year low of $2.38 and a 1 year high of $8.41. The firm has a 50 day moving average of $6.75 and a 200-day moving average of $6.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SWIM shares. Craig Hallum initiated coverage on Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective on the stock. Robert W. Baird upped their price target on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their target price on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Latham Group currently has a consensus rating of “Hold” and an average price target of $6.65.

Insiders Place Their Bets

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the sale, the chief executive officer now owns 480,829 shares in the company, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.60% of the company’s stock.

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.