Latham Group (NASDAQ:SWIM) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Latham Group (NASDAQ:SWIM) released its earnings results on Tuesday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.16), Zacks reports. Latham Group had a net margin of 2.23% and a return on equity of 2.83%. Latham Group updated its FY 2025 guidance to EPS.

Latham Group Trading Down 0.9 %

SWIM traded down $0.05 on Tuesday, reaching $5.46. 785,519 shares of the company traded hands, compared to its average volume of 548,454. Latham Group has a one year low of $2.38 and a one year high of $8.41. The company has a market cap of $631.31 million, a P/E ratio of 60.67 and a beta of 1.81. The firm has a fifty day simple moving average of $6.73 and a two-hundred day simple moving average of $6.58. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67.

Insiders Place Their Bets

In related news, CEO Scott Michael Rajeski sold 22,191 shares of Latham Group 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 8.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SWIM. Robert W. Baird upped their price target on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Craig Hallum assumed coverage on Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 price target for the company. Stifel Nicolaus upped their target price on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their price target on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Latham Group currently has a consensus rating of “Hold” and a consensus target price 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.