Hayward Holdings (HAYW, Financial) shares rose 5.34% as the company reported impressive third-quarter financial results that exceeded analysts' expectations. The company's quarterly revenue and EBITDA surpassed projections, leading Hayward Holdings to revise its full-year revenue and EBITDA guidance upwards.
Trading on the NYSE under the ticker symbol HAYW, Hayward Holdings Inc is currently priced at $15.59. Despite the positive momentum, analysts should take note of some medium warning signs in the company's financials. The Altman Z-Score stands at 2.29, indicating that the company is in a grey area regarding financial health. Additionally, insider selling has occurred in the past three months, with 85,714 shares sold in two transactions.
Hayward Holdings' GF Value, a measure of stock valuation, suggests the company might be "Significantly Overvalued," with a GF Value of 10.83. For more details on Hayward Holdings' GF Value, visit GF Value. The company's PE ratio is 38.98, indicating a potentially high valuation relative to earnings, while the PB ratio stands at 2.47, close to a 3-year high.
On the upside, Hayward Holdings maintains a strong Piotroski F-Score of 7, showcasing a healthy financial situation, and the Beneish M-Score of -2.8 implies that the company is unlikely to be manipulating earnings. Furthermore, the company has demonstrated an EBITDA growth of 3% over the past year and boasts a robust operating margin of 19.58%.
In the industrial sector, specifically within the Electrical Equipment & Parts industry, Hayward Holdings is positioned as a leader in energy-efficient swimming pool equipment manufacturing. With a market capitalization of $3.35 billion, the company continues to expand its foothold despite facing moderate financial stress indicators.
Investors should keep an eye on the company's financial strength indicators and insider transaction activities while considering Hayward Holdings as a potential investment. The next earnings date is scheduled for October 2024, which may further influence share price momentum.
