Brokerages predict that Lawson Products, Inc. (NASDAQ:LAWS) will report $0.23 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Lawson Products’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.18. Lawson Products reported earnings per share of $0.20 during the same quarter last year, which would indicate a positive year over year growth rate of 15%. The firm is scheduled to issue its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that Lawson Products will report full year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.67 to $0.83. For the next fiscal year, analysts anticipate that the company will post earnings of $1.06 per share, with EPS estimates ranging from $0.97 to $1.14. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Lawson Products.
Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, April 19th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $84.46 million during the quarter, compared to analyst estimates of $84.99 million. Lawson Products had a net margin of 9.52% and a return on equity of 6.07%. During the same period in the prior year, the firm earned $0.09 earnings per share.
LAWS has been the subject of several research reports. Zacks Investment Research raised Lawson Products from a “sell” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, May 1st. ValuEngine raised Lawson Products from a “hold” rating to a “buy” rating in a research report on Saturday, May 12th. Finally, TheStreet downgraded Lawson Products from a “b” rating to a “c” rating in a research report on Monday, May 21st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAWS. BlackRock Inc. grew its position in Lawson Products by 3.1% in the 4th quarter. BlackRock Inc. now owns 471,176 shares of the industrial products company’s stock valued at $11,661,000 after acquiring an additional 13,982 shares in the last quarter. Deutsche Bank AG grew its position in shares of Lawson Products by 172.4% during the fourth quarter. Deutsche Bank AG now owns 23,903 shares of the industrial products company’s stock worth $589,000 after buying an additional 15,127 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Lawson Products during the fourth quarter worth about $420,000. Millennium Management LLC grew its position in shares of Lawson Products by 17.2% during the fourth quarter. Millennium Management LLC now owns 35,111 shares of the industrial products company’s stock worth $869,000 after buying an additional 5,148 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Lawson Products by 27.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 18,300 shares of the industrial products company’s stock worth $463,000 after buying an additional 3,900 shares in the last quarter. 64.90% of the stock is owned by institutional investors.
NASDAQ LAWS traded down $0.15 during trading on Wednesday, hitting $24.30. The stock had a trading volume of 5,900 shares, compared to its average volume of 11,795. The company has a market cap of $216.88 million, a P/E ratio of 47.65, a P/E/G ratio of 1.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.66 and a quick ratio of 0.82. Lawson Products has a twelve month low of $19.30 and a twelve month high of $28.00.
Lawson Products Company Profile
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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