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

Latham Group (NASDAQ:SWIM) is scheduled to be releasing its earnings data 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.Investors interested in participating in the company’s conference call can do so using this link.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $160.12 million for the quarter, compared to analyst estimates of $156.00 million. Latham Group had a net margin of 2.24% and a return on equity of 2.93%. 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 Performance

Shares of NASDAQ SWIM opened at $6.47 on Friday. Latham Group has a 1 year low of $2.09 and a 1 year high of $7.33. The firm has a market cap of $747.80 million, a P/E ratio of 71.89 and a beta of 1.88. The stock has a fifty day moving average price of $6.49 and a two-hundred day moving average price of $4.66. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.15 and a current ratio of 3.22.

Wall Street Analyst Weigh In

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

Insider Transactions at Latham Group

In related news, VP Suraj Kunchala sold 10,139 shares of Latham Group stock in a transaction dated Friday, August 9th. The stock was 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 approximately $196,064.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Latham Group news, CEO Scott Michael Rajeski sold 25,851 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.54, for a total transaction of $169,065.54. Following the sale, the chief executive officer now directly owns 490,829 shares of the company’s stock, valued at $3,210,021.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Suraj Kunchala sold 10,139 shares of the stock in a transaction 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 owns 38,748 shares of the company’s stock, valued at $196,064.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,148 shares of company stock valued at $507,155 over the last three months. Company insiders own 8.60% 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.