What is KeyCorp's Forecast for Hayward Q4 Earnings?

Hayward Holdings, Inc. (NYSE:HAYW - Free Report) - Equities research analysts at KeyCorp issued their Q4 2024 earnings estimates for Hayward in a note issued to investors on Sunday, January 5th. KeyCorp analyst J. Hammond anticipates that the company will post earnings per share of $0.22 for the quarter. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for Hayward's current full-year earnings is $0.61 per share. KeyCorp also issued estimates for Hayward's FY2025 earnings at $0.68 EPS.

Several other brokerages also recently weighed in on HAYW. Stifel Nicolaus increased their target price on shares of Hayward from $15.50 to $16.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Robert W. Baird increased their price objective on shares of Hayward from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their target price on Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $16.80.

Hayward Trading Down 1.7 %

NYSE:HAYW traded down $0.25 during midday trading on Wednesday, hitting $14.51. 1,518,627 shares of the company traded hands, compared to its average volume of 1,543,465. The firm has a market capitalization of $3.13 billion, a P/E ratio of 34.55, a P/E/G ratio of 2.28 and a beta of 1.17. The firm's fifty day moving average is $15.87 and its 200-day moving average is $14.68. Hayward has a 12-month low of $11.81 and a 12-month high of $16.87. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $227.57 million during the quarter, compared to analyst estimates of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 100,000 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Eifion Jones sold 75,000 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the completion of the sale, the chief financial officer now directly owns 258,903 shares of the company's stock, valued at approximately $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.25% of the company's stock.

Hedge Funds Weigh In On Hayward

Several institutional investors have recently bought and sold shares of the business. MSD Capital L P bought a new stake in Hayward during the 3rd quarter valued at $418,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hayward by 18.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company's stock valued at $86,476,000 after purchasing an additional 878,705 shares in the last quarter. Victory Capital Management Inc. grew its stake in Hayward by 0.6% in the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company's stock valued at $78,591,000 after purchasing an additional 32,514 shares during the last quarter. American Century Companies Inc. raised its holdings in Hayward by 13.6% in the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company's stock worth $57,465,000 after purchasing an additional 558,227 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Hayward by 8.5% during the third quarter. State Street Corp now owns 4,355,277 shares of the company's stock valued at $66,810,000 after buying an additional 341,424 shares during the last quarter.

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.