Hayward Holdings, Inc. (HAYW) Q3 2024 Earnings Call Transcript
Hayward Holdings, Inc. (NYSE:HAYW ) Q3 2024 Earnings Call Transcript October 29, 2024 9:00 AM ET Company Participants Kevin Maczka - Vice President of Investor Relations and FP&A Kevin Holleran - President and Chief Executive Officer Eifion Jones - Senior Vice President and Chief Financial Officer Conference Call Participants Andrew Carter - Stifel Jeff Hammond - KeyBanc Capital Markets Ryan Merkel - William Blair Nigel Coe - Wolfe Research Nick Cash - Goldman Sachs Rob Wertheimer - Melius Research Rafe Jadorschic - Bank of America Operator Welcome to Hayward Holdings Third Quarter 2024 Earnings Call. My name is Jesse and I will be your operator for today's call.
Hayward Holdings, Inc. (HAYW) Q3 Earnings and Revenues Beat Estimates
Hayward Holdings, Inc. (HAYW) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.09 per share a year ago.
HAYW vs. GRMN: Which Stock Is the Better Value Option?
Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either Hayward Holdings, Inc. (HAYW) or Garmin (GRMN). But which of these two stocks offers value investors a better bang for their buck right now?
HAYW vs. GRMN: Which Stock Should Value Investors Buy Now?
Investors interested in stocks from the Electronics - Miscellaneous Products sector have probably already heard of Hayward Holdings, Inc. (HAYW) and Garmin (GRMN). But which of these two stocks presents investors with the better value opportunity right now?
HAYW or HOCPY: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Electronics - Miscellaneous Products sector have probably already heard of Hayward Holdings, Inc. (HAYW) and Hoya Corp. (HOCPY). But which of these two stocks presents investors with the better value opportunity right now?
HAYW vs. HOCPY: Which Stock Is the Better Value Option?
Investors interested in Electronics - Miscellaneous Products stocks are likely familiar with Hayward Holdings, Inc. (HAYW) and Hoya Corp. (HOCPY). But which of these two companies is the best option for those looking for undervalued stocks?
Hayward Holdings, Inc. (HAYW) Tops Q2 Earnings and Revenue Estimates
Hayward Holdings, Inc. (HAYW) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.19 per share a year ago.
Hayward Holdings, Inc. (HAYW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Hayward Holdings (HAYW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Swiss National Bank Has $3.99 Million Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)
Swiss National Bank decreased its position in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 293,500 shares of the company’s stock after selling 34,000 shares during the period. Swiss National Bank owned about 0.14% of Hayward worth $3,992,000 as of its most recent SEC filing. A number of other hedge funds also recently modified their holdings of the company. State of New Jersey Common Pension Fund D lifted its holdings in shares of Hayward by 22.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 211,182 shares of the company’s stock worth $2,872,000 after acquiring an additional 39,353 shares during the period. Illinois Municipal Retirement Fund acquired a new position in Hayward in the fourth quarter worth about $939,000. Everence Capital Management Inc. bought a new position in Hayward during the fourth quarter worth about $173,000. Louisiana State Employees Retirement System acquired a new stake in Hayward during the fourth quarter valued at approximately $858,000. Finally, WCM Investment Management LLC grew its stake in shares of Hayward by 11.2% in the 4th quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock valued at $29,179,000 after purchasing an additional 214,991 shares during the period. Analyst Upgrades and Downgrades Several brokerages recently commented on HAYW. Stifel Nicolaus boosted their price target on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research note on Tuesday, March 5th. The Goldman Sachs Group upped their target price on shares of Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Finally, TheStreet raised shares of Hayward from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Hayward currently has a consensus rating of “Hold” and a consensus target price of $14.70. Get Our Latest Stock Report on HAYW Insider Buying and Selling 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. In the last ninety days, insiders have sold 147,143 shares of company stock worth $2,117,174. Insiders own 3.25% of the company’s stock. Hayward Stock Performance Hayward stock opened at $14.69 on Monday. The stock has a 50-day simple moving average of $14.32 and a 200 day simple moving average of $13.23. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 40.81, a P/E/G ratio of 2.00 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 3.37 and a debt-to-equity ratio of 0.82. Hayward Holdings, Inc. has a 12-month low of $9.80 and a 12-month high of $16.04. Hayward (NYSE:HAYW – Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Hayward had a net margin of 8.25% and a return on equity of 9.46%. The company had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. On average, research analysts anticipate that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year. About Hayward (Free Report) 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.
