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

Latham Group (NASDAQ:SWIM - Get Free Report) is scheduled to be posting 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 interested in participating in the company's earnings conference call can do so using this link.

Latham Group (NASDAQ:SWIM - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. The business had revenue of $160.12 million during the quarter, compared to the consensus estimate of $156.00 million. 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 Price Performance

SWIM stock traded down $0.15 on Tuesday, reaching $6.47. 336,966 shares of the company's stock were exchanged, compared to its average volume of 418,679. Latham Group has a twelve month low of $2.09 and a twelve month high of $7.33. 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 stock has a fifty day moving average of $6.45 and a 200-day moving average of $4.58. The firm has a market cap of $747.80 million, a PE ratio of 71.89 and a beta of 1.88.

Analysts Set New Price Targets

SWIM has been the topic of a number of research 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 lifted 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. Finally, Robert W. Baird boosted 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.

Insiders Place Their Bets

In related news, CEO Scott Michael Rajeski sold 33,000 shares of the firm'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 sale, the chief executive officer now directly owns 516,680 shares in the company, valued at approximately $3,146,581.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Scott Michael Rajeski sold 33,000 shares of Latham Group stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.09, for a total transaction of $200,970.00. Following the sale, the chief executive officer now owns 516,680 shares of the company's stock, valued at $3,146,581.20. The trade was a 0.00 % decrease in their position. 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 the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $5.06, for a total transaction of $51,303.34. Following the completion of the transaction, the vice president now directly owns 38,748 shares of the company's stock, valued at approximately $196,064.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,932 shares of company stock worth $441,364 over the last quarter. 7.60% of the stock is owned by corporate insiders.

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.