Wall Street analysts predict that Lawson Products, Inc. (NASDAQ:LAWS) will announce $0.16 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Lawson Products’ earnings. Lawson Products reported earnings of $0.09 per share during the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The firm is scheduled to report its next earnings report on Thursday, April 19th.
On average, analysts expect that Lawson Products will report full-year earnings of $0.62 per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $0.91 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Lawson Products.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). The company had revenue of $80.63 million for the quarter, compared to analyst estimates of $78.40 million. Lawson Products had a return on equity of 5.31% and a net margin of 9.70%. During the same quarter in the prior year, the company posted ($0.53) earnings per share.
A number of research firms have weighed in on LAWS. Zacks Investment Research cut shares of Lawson Products from a “strong-buy” rating to a “sell” rating in a research report on Friday, March 2nd. TheStreet cut shares of Lawson Products from a “b-” rating to a “c” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Lawson Products currently has an average rating of “Hold” and a consensus target price of $29.00.
Lawson Products (NASDAQ LAWS) traded up $0.40 during trading hours on Friday, reaching $25.20. 23,040 shares of the company’s stock were exchanged, compared to its average volume of 18,981. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.64 and a quick ratio of 0.79. The firm has a market capitalization of $223.98, a PE ratio of 24.71, a PEG ratio of 2.66 and a beta of 1.41. Lawson Products has a 52 week low of $18.70 and a 52 week high of $27.15.
In other Lawson Products news, major shareholder Private Discipline Master Lkcm bought 125,000 shares of Lawson Products stock in a transaction dated Friday, March 2nd. The stock was acquired at an average cost of $24.00 per share, for a total transaction of $3,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael G. Decata bought 2,189 shares of Lawson Products stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average price of $24.69 per share, with a total value of $54,046.41. Following the completion of the transaction, the insider now directly owns 20,533 shares of the company’s stock, valued at $506,959.77. The disclosure for this purchase can be found here. Insiders have acquired 248,131 shares of company stock valued at $6,076,174 over the last 90 days. 18.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of LAWS. California Public Employees Retirement System acquired a new stake in shares of Lawson Products in the third quarter valued at about $223,000. Acadian Asset Management LLC acquired a new stake in shares of Lawson Products in the fourth quarter valued at about $226,000. Schwab Charles Investment Management Inc. raised its position in shares of Lawson Products by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock valued at $319,000 after buying an additional 900 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Lawson Products in the fourth quarter valued at about $400,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Lawson Products in the fourth quarter valued at about $420,000. Institutional investors and hedge funds own 64.78% of the company’s stock.
About Lawson Products
Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.
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