Latham Group (NASDAQ:SWIM) Issues FY 2021 Earnings Guidance

Latham Group (NASDAQ:SWIM) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $580 million-620 million.

Shares of Latham Group stock traded up $0.21 on Friday, hitting $27.74. 12,326 shares of the company traded hands, compared to its average volume of 612,142. Latham Group has a 12-month low of $23.58 and a 12-month high of $34.73.

Latham Group (NASDAQ:SWIM) last issued its earnings results on Thursday, June 3rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). As a group, equities analysts forecast that Latham Group will post 0.48 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Robert W. Baird initiated coverage on shares of Latham Group in a report on Tuesday, May 18th. They set an outperform rating and a $36.00 target price for the company. Morgan Stanley dropped their price objective on Latham Group from $33.00 to $32.00 and set an equal weight rating for the company in a report on Friday, June 4th. Truist started coverage on Latham Group in a research note on Tuesday, May 18th. They set a buy rating on the stock. Truist Securities assumed coverage on shares of Latham Group in a report on Tuesday, May 18th. They issued a buy rating and a $37.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on Latham Group in a research report on Tuesday, May 18th. They set a neutral rating and a $26.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $34.86.

In other news, insider Jason A. Duva purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, April 27th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $95,000.00. Following the completion of the acquisition, the insider now directly owns 5,000 shares in the company, valued at approximately $95,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO J Mark Borseth purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, April 27th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $190,000.00. Following the acquisition, the chief financial officer now owns 328,684 shares of the company’s stock, valued at $6,244,996. The disclosure for this purchase can be found here. Insiders have bought 93,000 shares of company stock valued at $1,767,000 over the last 90 days.

About Latham Group

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools. The company offers in-ground swimming pools, pool liners, and pool cover products. Latham Group, Inc was formerly known as Latham Topco, Inc and changed its name to Latham Group, Inc in March 2021. Latham Group, Inc was incorporated in 2018 and is based in Latham, New York.

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Earnings History and Estimates for Latham Group (NASDAQ:SWIM)

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