Latham Group (SWIM) Expected to Announce Quarterly Earnings on Tuesday

Latham Group (NASDAQ:SWIM) will likely be announcing its earnings results after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $85.14 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Latham Group Price Performance

Shares of SWIM opened at $6.41 on Tuesday. Latham Group has a fifty-two week low of $2.38 and a fifty-two week high of $8.41. The company has a market capitalization of $741.12 million, a price-to-earnings ratio of 71.23 and a beta of 1.81. The firm has a 50-day simple moving average of $6.85 and a 200-day simple moving average of $6.57. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44.

Insider Buying and Selling at Latham Group

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total transaction 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 $4,010,113.86. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SWIM shares. 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. Robert W. Baird increased their price target on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price target on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Craig Hallum began coverage on shares of Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.65.

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.