Hayward (HAYW) to Release Quarterly Earnings on Tuesday

Hayward (NYSE:HAYW) is scheduled to be announcing its earnings results before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $212.57 million for the quarter, compared to the consensus estimate of $207.33 million. Hayward had a return on equity of 9.46% and a net margin of 8.25%. On average, analysts expect Hayward to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hayward Stock Performance

HAYW stock opened at $13.46 on Monday. The company has a market cap of $2.89 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.37 and a quick ratio of 2.34. The stock’s fifty day moving average price is $13.24 and its 200-day moving average price is $13.54. Hayward has a 1 year low of $9.80 and a 1 year high of $16.04.

Insider Transactions at Hayward

In related news, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the sale, the senior vice president now directly owns 67,904 shares in the company, valued at $950,656. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $13.96, for a total value of $598,283.72. Following the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,298,274.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Susan M. Canning sold 5,028 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total value of $70,392.00. Following the sale, the senior vice president now owns 67,904 shares in the company, valued at $950,656. The disclosure for this sale can be found here. Insiders sold a total of 133,599 shares of company stock valued at $1,803,958 over the last 90 days. Company insiders own 3.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on HAYW shares. The Goldman Sachs Group cut their price target on Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Stifel Nicolaus dropped their price objective on Hayward from $14.50 to $14.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Finally, KeyCorp dropped their price objective on Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.20.

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.