Latham Group (NASDAQ:SWIM) Releases Earnings Results, Misses Estimates By $0.16 EPS

Latham Group (NASDAQ:SWIM - Get Free Report) announced its earnings results on Tuesday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.16), Zacks reports. Latham Group had a return on equity of 2.83% and a net margin of 2.23%. The business had revenue of $87.27 million for the quarter, compared to analyst estimates of $85.14 million. Latham Group updated its FY 2025 guidance to EPS.

Latham Group Stock Performance

NASDAQ SWIM traded down $0.20 during trading hours on Friday, hitting $7.33. 1,066,539 shares of the stock were exchanged, compared to its average volume of 527,320. The company has a market cap of $847.53 million, a price-to-earnings ratio of 81.45 and a beta of 1.84. Latham Group has a 12-month low of $2.38 and a 12-month high of $8.41. The stock has a 50-day moving average of $6.71 and a 200 day moving average of $6.59. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Craig Hallum assumed coverage on shares of Latham Group in a research note on Monday, December 9th. They set a "buy" rating and a $10.00 target price for the company. Stifel Nicolaus increased 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 investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.65.

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Insider Buying and Selling

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total value of $185,072.94. Following the completion of the transaction, the chief executive officer now directly owns 480,829 shares of the company's stock, valued at approximately $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

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.