Hayward (HAYW) Set to Announce Quarterly Earnings on Thursday

Hayward (NYSE:HAYW) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Hayward has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Hayward (NYSE:HAYW) last released its quarterly 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. Hayward had a net margin of 8.13% and a return on equity of 9.55%. The firm had revenue of $278.50 million during the quarter, compared to analysts’ expectations of $271.47 million. During the same period in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. 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

HAYW stock opened at $14.00 on Tuesday. Hayward has a 12 month low of $9.80 and a 12 month high of $16.04. The company has a current ratio of 3.02, a quick ratio of 2.13 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $14.09 and a 200 day moving average price of $12.99. The stock has a market cap of $3.01 billion, a PE ratio of 38.88 and a beta of 1.22.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 61,429 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,915,176.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HAYW has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Stifel Nicolaus boosted their price objective on shares of Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research report on Tuesday, March 5th. TheStreet raised shares of Hayward from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Finally, Jefferies Financial Group cut shares of Hayward from a “buy” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $14.00 in a research report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.70.

Hayward Company Profile

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.