Hayward (HAYW) to Release Quarterly Earnings on Thursday

Hayward (NYSE:HAYW) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Hayward to post earnings of $0.08 per share for the quarter. Hayward has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Hayward (NYSE:HAYW) last issued its earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $278.50 million for the quarter, compared to the consensus estimate of $271.47 million. Hayward had a net margin of 8.13% and a return on equity of 9.55%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. On average, analysts expect Hayward to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hayward Price Performance

Shares of HAYW stock opened at $13.59 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.02 and a quick ratio of 2.13. The company’s 50-day simple moving average is $14.05 and its two-hundred day simple moving average is $12.98. Hayward has a one year low of $9.80 and a one year high of $16.04. The company has a market capitalization of $2.92 billion, a P/E ratio of 37.75 and a beta of 1.22.

Analysts Set New Price Targets

HAYW has been the topic of a number of recent research reports. TheStreet upgraded shares of Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Jefferies Financial Group downgraded shares of Hayward from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $14.00 in a research note on Thursday, January 11th. Stifel Nicolaus increased their price objective on shares of Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.70.

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 61,429 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $15.14, for a total value of $930,035.06. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,915,176.86. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.20% of the stock is owned by insiders.

About Hayward

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 pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.