Hayward (HAYW) Set to Announce Quarterly Earnings on Thursday

Hayward (NYSE:HAYW) is scheduled to 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 wish to register for the company’s 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $271.47 million. During the same quarter last year, the business earned $0.10 earnings per share. The business’s revenue was up 7.5% 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.

Hayward Stock Up 1.6 %

Shares of Hayward stock opened at $14.00 on Tuesday. The company’s 50 day moving average price is $14.09 and its 200-day moving average price is $12.99. Hayward has a 52-week low of $9.80 and a 52-week high of $16.04. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 38.88 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.13 and a current ratio of 3.02.

Analyst Ratings Changes

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

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total value of $571,712.38. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $6,974,138.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.20% of the company’s stock.

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.