Hayward (HAYW) Scheduled to Post Earnings on Thursday

Hayward (NYSE:HAYWGet Rating) will release its earnings data before the market opens on Thursday, April 28th. Analysts expect Hayward to post earnings of $0.29 per share for the quarter. Hayward has set its FY 2022 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Hayward (NYSE:HAYWGet Rating) last posted its earnings results on Wednesday, March 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Hayward had a return on equity of 20.57% and a net margin of 14.53%. The business had revenue of $352.40 million during the quarter, compared to analysts’ expectations of $354.54 million. Hayward’s revenue was up 35.2% on a year-over-year basis. On average, analysts expect Hayward to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of HAYW opened at $16.69 on Thursday. The stock has a market capitalization of $3.83 billion and a P/E ratio of -104.31. Hayward has a twelve month low of $15.78 and a twelve month high of $28.65. The company has a 50 day moving average of $17.16 and a 200-day moving average of $21.13. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.71.

In other Hayward news, major shareholder Ccmp Capital, Lp sold 2,694,696 shares of the firm’s stock in a transaction on Monday, January 24th. The stock was sold at an average price of $19.80, for a total transaction of $53,354,980.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Hayward by 42.4% during the 3rd quarter. Royal Bank of Canada now owns 1,525 shares of the company’s stock valued at $34,000 after purchasing an additional 454 shares during the last quarter. UBS Group AG lifted its holdings in shares of Hayward by 9.0% during the third quarter. UBS Group AG now owns 6,366 shares of the company’s stock worth $142,000 after buying an additional 524 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of Hayward during the fourth quarter worth $26,000. Glenmede Trust Co. NA lifted its holdings in shares of Hayward by 3.7% during the fourth quarter. Glenmede Trust Co. NA now owns 37,210 shares of the company’s stock worth $976,000 after buying an additional 1,320 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Hayward during the fourth quarter worth $52,000. 54.22% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on HAYW. The Goldman Sachs Group decreased their price target on shares of Hayward from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 13th. KeyCorp decreased their price target on shares of Hayward from $26.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley decreased their price target on shares of Hayward from $25.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, March 3rd. Zacks Investment Research cut shares of Hayward from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Finally, Credit Suisse Group began coverage on shares of Hayward in a research note on Tuesday, April 5th. They set an “outperform” rating and a $21.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $23.33.

Hayward Company Profile (Get Rating)

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers a range of pool equipment, including pumps, filters, robotic, suction and pressure cleaners, heaters, water features and landscape lighting, salt chlorine generators, safety equipment, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

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