Brokerages predict that Lawson Products, Inc. (NASDAQ:LAWS) will announce $0.22 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Lawson Products’ earnings, with estimates ranging from $0.11 to $0.32. Lawson Products also reported earnings of $0.22 per share during the same quarter last year. The company is expected to issue its next earnings results on Thursday, February 27th.
According to Zacks, analysts expect that Lawson Products will report full year earnings of $1.29 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.38. For the next year, analysts expect that the firm will post earnings of $2.06 per share, with EPS estimates ranging from $1.91 to $2.20. Zacks’ EPS calculations are an average based on a survey of analysts that cover Lawson Products.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $94.78 million during the quarter, compared to the consensus estimate of $93.37 million. Lawson Products had a net margin of 3.48% and a return on equity of 18.01%.
A number of equities research analysts recently commented on the stock. ValuEngine cut shares of Lawson Products from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Zacks Investment Research lowered Lawson Products from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Barrington Research raised their target price on Lawson Products from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, BidaskClub cut Lawson Products from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $50.50.
Shares of Lawson Products stock traded up $0.66 on Friday, reaching $50.36. 8,570 shares of the company traded hands, compared to its average volume of 12,698. Lawson Products has a 52 week low of $28.10 and a 52 week 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 firm has a market capitalization of $462.06 million, a PE ratio of 63.75, a PEG ratio of 2.28 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.89 and a quick ratio of 0.98.
In related news, CEO Michael G. Decata bought 608 shares of Lawson Products stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of $46.49 per share, with a total value of $28,265.92. Following the acquisition, the chief executive officer now directly owns 34,910 shares of the company’s stock, valued at $1,622,965.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael G. Decata purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of $47.50 per share, for a total transaction of $47,500.00. Following the completion of the transaction, 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 owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC boosted its stake in shares of Lawson Products by 132.2% during the third 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 period. Granahan Investment Management Inc. MA increased its stake in Lawson Products by 4.4% in 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 period. Tower Research Capital LLC TRC purchased a new position in Lawson Products in the 3rd quarter worth about $55,000. California Public Employees Retirement System lifted its holdings in 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 in the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in Lawson Products during the 2nd quarter valued at about $203,000. 85.12% 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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