Zacks: Brokerages Expect Lawson Products, Inc. (LAWS) Will Announce Quarterly Sales of $86.01 Million

Equities research analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to post sales of $86.01 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Lawson Products’ earnings, with the highest sales estimate coming in at $87.60 million and the lowest estimate coming in at $84.42 million. Lawson Products posted sales of $80.63 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The company is scheduled to announce its next earnings results on Thursday, February 28th.

On average, analysts expect that Lawson Products will report full-year sales of $349.40 million for the current year, with estimates ranging from $347.79 million to $351.00 million. For the next financial year, analysts expect that the firm will report sales of $365.81 million, with estimates ranging from $364.92 million to $366.70 million. Zacks’ sales averages are an average based on a survey of analysts that cover Lawson Products.

Several brokerages have recently commented on LAWS. Zacks Investment Research lowered Lawson Products from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. TheStreet lowered Lawson Products from a “b” rating to a “c+” rating in a research note on Friday, October 26th. Barrington Research set a $37.00 price target on Lawson Products and gave the stock a “buy” rating in a research note on Tuesday, October 30th. ValuEngine raised Lawson Products from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Finally, BidaskClub lowered Lawson Products from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.50.

Shares of NASDAQ:LAWS opened at $30.43 on Wednesday. The company has a market cap of $287.21 million, a PE ratio of 59.67, a PEG ratio of 1.79 and a beta of 1.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.88 and a current ratio of 1.67. Lawson Products has a 12 month low of $21.00 and a 12 month high of $36.90.

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in Lawson Products by 1,634.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,072 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 5,722 shares during the last quarter. Ramsey Quantitative Systems raised its holdings in Lawson Products by 102.7% in the 2nd quarter. Ramsey Quantitative Systems now owns 8,716 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 4,416 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Lawson Products by 49.9% in the 2nd quarter. Acadian Asset Management LLC now owns 17,221 shares of the industrial products company’s stock valued at $419,000 after acquiring an additional 5,733 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Lawson Products by 27.1% during the 1st 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 during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Lawson Products by 4.3% during 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 buying an additional 1,595 shares during the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

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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