Wall Street analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to post earnings of $0.22 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Lawson Products’ earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.11. Lawson Products also reported earnings of $0.22 per share during the same quarter last year. The business is expected to issue its next quarterly earnings results on Thursday, February 27th.
On average, analysts expect that Lawson Products will report full-year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.20 to $1.38. For the next fiscal year, analysts anticipate that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.91 to $2.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Lawson Products.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.09. The firm had revenue of $94.78 million for the quarter, compared to analysts’ expectations of $93.37 million. Lawson Products had a return on equity of 18.01% and a net margin of 3.48%.
LAWS has been the subject of several recent research reports. BidaskClub downgraded Lawson Products from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. ValuEngine downgraded shares of Lawson Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Zacks Investment Research lowered shares of Lawson Products from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Barrington Research increased their price target on shares of Lawson Products from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Lawson Products has an average rating of “Hold” and a consensus price target of $50.50.
In related news, insider Manik Gupta sold 3,444 shares of Lawson Products stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $28.15, for a total transaction of $96,948.60. Also, CEO Michael G. Decata purchased 1,000 shares of Lawson Products stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of $47.50 per share, for a total transaction of $47,500.00. Following the completion of the purchase, the chief executive officer now owns 35,910 shares of the company’s stock, valued at $1,705,725. The disclosure for this purchase can be found here. 51.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in LAWS. Squarepoint Ops LLC boosted its holdings in Lawson Products by 132.2% in the 3rd quarter. Squarepoint Ops LLC now owns 24,677 shares of the industrial products company’s stock valued at $956,000 after purchasing an additional 14,051 shares during the last quarter. Granahan Investment Management Inc. MA increased its holdings in shares of Lawson Products by 4.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 320,927 shares of the industrial products company’s stock worth $12,430,000 after buying an additional 13,433 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Lawson Products during the 3rd quarter valued at approximately $55,000. California Public Employees Retirement System raised its position in shares of Lawson Products by 4.0% during the 3rd quarter. California Public Employees Retirement System now owns 9,603 shares of the industrial products company’s stock valued at $372,000 after buying an additional 373 shares during the period. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Lawson Products during the 2nd quarter valued at approximately $203,000. Institutional investors and hedge funds own 85.12% of the company’s stock.
LAWS stock traded up $0.66 during trading on Friday, hitting $50.36. 8,570 shares of the company traded hands, compared to its average volume of 12,698. The firm has a market capitalization of $462.06 million, a PE ratio of 63.75, a P/E/G ratio of 2.28 and a beta of 1.08. Lawson Products has a 1 year low of $28.10 and a 1 year high of $52.45. The company has a 50-day moving average of $47.28 and a 200-day moving average of $40.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 1.89.
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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