Latham Group (SWIM) Projected to Post Quarterly Earnings on Tuesday

Latham Group (NASDAQ:SWIM - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $110.93 million for the quarter.

Latham Group Stock Up 6.4 %

Latham Group stock traded up $0.36 during mid-day trading on Friday, hitting $6.01. 852,160 shares of the company's stock were exchanged, compared to its average volume of 598,552. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The stock has a market cap of $695.82 million, a P/E ratio of 66.79 and a beta of 1.70. The stock has a 50 day moving average of $6.02 and a two-hundred day moving average of $6.48. Latham Group has a 1-year low of $2.54 and a 1-year high of $8.41.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird set a $8.50 target price on shares of Latham Group in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.66.

Insider Buying and Selling

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.54, for a total transaction of $688,335.00. Following the completion of the transaction, the insider now directly owns 332,818 shares of the company's stock, valued at approximately $2,176,629.72. This trade represents a 24.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by company insiders.

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.