Latham Group (SWIM) to Release Quarterly Earnings on Tuesday

Latham Group (NASDAQ:SWIM) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Latham Group has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.08. Latham Group had a negative net margin of 0.42% and a negative return on equity of 0.62%. The firm had revenue of $90.90 million during the quarter, compared to the consensus estimate of $86.95 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. Latham Group’s revenue for the quarter was down 15.8% on a year-over-year basis. 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 Trading Down 3.6 %

Shares of Latham Group stock opened at $2.94 on Tuesday. The company’s fifty day moving average is $3.28 and its two-hundred day moving average is $2.78. Latham Group has a 1 year low of $2.04 and a 1 year high of $4.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 2.77. The company has a market capitalization of $339.25 million, a P/E ratio of -98.00 and a beta of 1.57.

Insider Buying and Selling

In other Latham Group news, CEO Scott Michael Rajeski sold 24,913 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $3.05, for a total transaction of $75,984.65. Following the sale, the chief executive officer now directly owns 266,143 shares in the company, valued at $811,736.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Latham Group news, CEO Scott Michael Rajeski sold 24,913 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $3.05, for a total transaction of $75,984.65. Following the completion of the transaction, the chief executive officer now directly owns 266,143 shares in the company, valued at approximately $811,736.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Oliver C. Gloe purchased 27,500 shares of Latham Group stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $2.92 per share, for a total transaction of $80,300.00. Following the acquisition, the chief financial officer now directly owns 292,922 shares of the company’s stock, valued at $855,332.24. The disclosure for this purchase can be found here. Insiders have sold a total of 54,383 shares of company stock worth $165,868 in the last quarter. Company insiders own 7.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SWIM shares. Bank of America cut Latham Group from a “buy” rating to an “underperform” rating and dropped their price target for the company from $4.50 to $2.60 in a research report on Wednesday, March 13th. Stifel Nicolaus raised shares of Latham Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $3.00 to $4.00 in a research note on Monday, March 18th.

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.