Equities research analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to announce sales of $86.01 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Lawson Products’ earnings. The lowest sales estimate is $84.42 million and the highest is $87.60 million. Lawson Products reported sales of $80.63 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.
On average, analysts expect that Lawson Products will report full-year sales of $349.40 million for the current fiscal year, with estimates ranging from $347.79 million to $351.00 million. For the next fiscal year, analysts expect that the business will report sales of $365.81 million, with estimates ranging from $364.92 million to $366.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Lawson Products.
A number of research firms have recently weighed in on LAWS. Zacks Investment Research downgraded shares of Lawson Products from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. TheStreet downgraded shares of Lawson Products from a “b” rating to a “c+” rating in a report on Friday, October 26th. Barrington Research set a $37.00 price target on shares of Lawson Products and gave the company a “buy” rating in a report on Tuesday, October 30th. ValuEngine upgraded shares of Lawson Products from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Finally, BidaskClub lowered shares of Lawson Products from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $36.50.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cadence Capital Management LLC grew its position in Lawson Products by 18.7% in the 3rd quarter. Cadence Capital Management LLC now owns 117,326 shares of the industrial products company’s stock worth $3,977,000 after purchasing an additional 18,503 shares during the last quarter. Acadian Asset Management LLC grew its position in Lawson Products by 48.8% in the 3rd quarter. Acadian Asset Management LLC now owns 25,631 shares of the industrial products company’s stock worth $870,000 after purchasing an additional 8,410 shares during the last quarter. Ramsey Quantitative Systems grew its position in Lawson Products by 102.4% in the 3rd quarter. Ramsey Quantitative Systems now owns 17,640 shares of the industrial products company’s stock worth $598,000 after purchasing an additional 8,924 shares during the last quarter. Bank of New York Mellon Corp grew its position in Lawson Products by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 38,345 shares of the industrial products company’s stock worth $934,000 after purchasing an additional 1,595 shares during the last quarter. Finally, Granahan Investment Management Inc. MA boosted its position in shares of Lawson Products by 13.4% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 289,781 shares of the industrial products company’s stock valued at $7,056,000 after acquiring an additional 34,340 shares in the last quarter. Institutional investors own 66.19% of the company’s stock.
LAWS stock opened at $30.43 on Wednesday. Lawson Products has a 12-month low of $21.00 and a 12-month high of $36.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 0.88. The company has a market capitalization of $287.21 million, a price-to-earnings ratio of 59.67, a P/E/G ratio of 1.79 and a beta of 1.22.
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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