Hayward (HAYW) to Release Quarterly Earnings on Thursday

Hayward (NYSE:HAYW) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Hayward has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $278.50 million for the quarter, compared to analyst estimates of $271.47 million. Hayward had a return on equity of 9.55% and a net margin of 8.13%. Hayward’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 EPS. On average, analysts expect Hayward to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hayward Price Performance

Shares of HAYW stock opened at $13.59 on Thursday. The stock’s fifty day simple moving average is $14.05 and its 200 day simple moving average is $12.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.02 and a quick ratio of 2.13. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 37.75 and a beta of 1.22. Hayward has a one year low of $9.80 and a one year high of $16.04.

Wall Street Analyst Weigh In

Several brokerages recently commented on HAYW. The Goldman Sachs Group boosted their price target on Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. TheStreet raised Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Jefferies Financial Group lowered Hayward from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $14.00 in a research note on Thursday, January 11th. Finally, Stifel Nicolaus boosted their price objective on Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.70.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total transaction of $571,712.38. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at $6,974,138.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

About Hayward

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.