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.

Several analysts recently weighed in on the company. William Blair assumed coverage on Latham Group in a report on Tuesday, May 18th. They issued an outperform rating for the company. KeyCorp assumed coverage on Latham Group in a research note on Tuesday, May 18th. They issued an overweight rating and a $38.00 target price on the stock. Barclays initiated coverage on Latham Group in a report on Tuesday, May 18th. They set an overweight rating and a $37.00 price target on the stock. The Goldman Sachs Group started coverage on Latham Group in a report on Tuesday, May 18th. They set a neutral rating and a $26.00 target price on the stock. Finally, Robert W. Baird assumed coverage on Latham Group in a research report on Tuesday, May 18th. They issued an outperform rating and a $36.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $34.86.

Shares of NASDAQ:SWIM traded up $0.21 during trading on Friday, hitting $27.74. 12,326 shares of the company’s stock were exchanged, compared to its average volume of 612,142. Latham Group has a 1-year low of $23.58 and a 1-year high of $34.73.

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

In related news, CFO J Mark Borseth acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 27th. The stock was bought 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 directly owns 328,684 shares of the company’s stock, valued at $6,244,996. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott Michael Rajeski acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, April 27th. The stock was bought at an average price of $19.00 per share, with a total value of $285,000.00. Following the acquisition, the chief executive officer now directly owns 15,000 shares in the company, valued at $285,000. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 93,000 shares of company stock valued at $1,767,000.

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.

Featured Story: Bond

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

Receive News & Ratings for Latham Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Latham Group and related companies with MarketBeat.com's FREE daily email newsletter.