Zacks: Brokerages Expect Lawson Products, Inc. (LAWS) to Announce $0.16 Earnings Per Share

Equities analysts predict that Lawson Products, Inc. (NASDAQ:LAWS) will report $0.16 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Lawson Products’ earnings. Lawson Products reported earnings per share of $0.09 during the same quarter last year, which suggests a positive year-over-year growth rate of 77.8%. The business is scheduled to announce its next earnings results before the market opens on Thursday, April 19th.

On average, analysts expect that Lawson Products will report full-year earnings of $0.62 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $0.91 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Lawson Products.

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Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, February 22nd. The industrial products company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.18). Lawson Products had a net margin of 9.70% and a return on equity of 5.31%. The firm had revenue of $80.63 million during the quarter, compared to analyst estimates of $78.40 million. During the same period in the previous year, the firm posted ($0.53) EPS.

Several research analysts recently weighed in on the stock. TheStreet raised shares of Lawson Products from a “c” rating to a “b” rating in a research note on Thursday, April 5th. ValuEngine cut Lawson Products from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research cut Lawson Products from a “strong-buy” rating to a “sell” rating in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.00.

LAWS stock traded up $0.65 during trading on Thursday, hitting $24.70. The stock had a trading volume of 2,992 shares, compared to its average volume of 13,299. Lawson Products has a 1-year low of $18.70 and a 1-year high of $28.00. The company has a market capitalization of $215.54, a price-to-earnings ratio of 48.92, a PEG ratio of 2.61 and a beta of 1.22. The company has a current ratio of 1.64, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07.

In other news, major shareholder Private Discipline Master Lkcm bought 125,000 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average price of $24.00 per share, for a total transaction of $3,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ronald B. Port sold 100,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $24.00, for a total value of $2,400,000.00. Following the sale, the director now owns 32,583 shares of the company’s stock, valued at approximately $781,992. The disclosure for this sale can be found here. Insiders acquired a total of 248,131 shares of company stock valued at $6,076,174 in the last 90 days. 17.50% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Lawson Products by 12.1% during the 2nd quarter. State Street Corp now owns 81,043 shares of the industrial products company’s stock valued at $1,795,000 after acquiring an additional 8,776 shares in the last quarter. New York State Common Retirement Fund increased its position in Lawson Products by 373.5% in the 3rd quarter. New York State Common Retirement Fund now owns 30,775 shares of the industrial products company’s stock worth $776,000 after purchasing an additional 24,275 shares during the last quarter. Granahan Investment Management Inc. MA increased its position in Lawson Products by 9.1% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 234,153 shares of the industrial products company’s stock worth $5,901,000 after purchasing an additional 19,509 shares during the last quarter. California Public Employees Retirement System acquired a new position in shares of Lawson Products during the 3rd quarter valued at about $223,000. Finally, Algert Global LLC acquired a new position in shares of Lawson Products during the 3rd quarter valued at about $427,000. Institutional investors and hedge funds own 64.78% of the company’s stock.

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About Lawson Products

Lawson Products, Inc distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and operations marketplace in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, fluid power products, specialty chemicals, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.

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