Hayward (NYSE:HAYW) Releases Earnings Results, Beats Estimates By $0.01 EPS

Hayward (NYSE:HAYW) released its earnings results on Tuesday. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01, Briefing.com reports. The firm had revenue of $284.39 million for the quarter, compared to the consensus estimate of $282.60 million. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. Hayward updated its FY 2024 guidance to EPS.

Hayward Stock Up 0.2 %

Shares of NYSE:HAYW traded up $0.03 on Wednesday, reaching $14.79. The company had a trading volume of 3,503,868 shares, compared to its average volume of 1,368,010. The company has a current ratio of 3.37, a quick ratio of 2.34 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $3.18 billion, a PE ratio of 41.08, a PEG ratio of 2.26 and a beta of 1.21. Hayward has a 52-week low of $9.80 and a 52-week high of $16.04. The firm’s 50 day simple moving average is $13.21 and its 200-day simple moving average is $13.57.

Insider Activity at Hayward

In other news, SVP Susan M. Canning sold 5,028 shares of Hayward 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 transaction, the senior vice president now owns 67,904 shares of the company’s stock, valued at approximately $950,656. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $13.96, for a total transaction of $598,283.72. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,298,274.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Susan M. Canning sold 5,028 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the transaction, the senior vice president now directly owns 67,904 shares of the company’s stock, valued at approximately $950,656. The disclosure for this sale can be found here. Insiders have sold a total of 133,599 shares of company stock valued at $1,803,958 over the last quarter. 3.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Robert W. Baird raised their price target on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday. KeyCorp cut their price objective on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Stifel Nicolaus boosted their target price on shares of Hayward from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Hayward currently has a consensus rating of “Hold” and an average price target of $15.17.

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.