$74.30 Million in Sales Expected for Lawson Products, Inc. (LAWS) This Quarter
Analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to post sales of $74.30 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lawson Products’ earnings, with the highest sales estimate coming in at $78.40 million and the lowest estimate coming in at $70.20 million. Lawson Products posted sales of $67.32 million during the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The company is expected to announce its next earnings results on Thursday, February 22nd.
On average, analysts expect that Lawson Products will report full-year sales of $74.30 million for the current year, with estimates ranging from $294.40 million to $303.70 million. For the next fiscal year, analysts expect that the firm will post sales of $323.90 million per share, with estimates ranging from $308.70 million to $339.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Lawson Products.
Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). The company had revenue of $75.65 million for the quarter, compared to the consensus estimate of $74.16 million. Lawson Products had a return on equity of 1.72% and a net margin of 1.64%.
A number of brokerages recently commented on LAWS. Zacks Investment Research raised Lawson Products from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, October 18th. TheStreet upgraded Lawson Products from a “c+” rating to a “b” rating in a research note on Thursday, October 5th. Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Lawson Products in a research note on Thursday, November 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Lawson Products in a research note on Sunday, September 17th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.50.
Lawson Products (NASDAQ LAWS) traded down $1.05 during mid-day trading on Tuesday, hitting $24.30. The stock had a trading volume of 23,357 shares, compared to its average volume of 11,300. Lawson Products has a 1 year low of $18.70 and a 1 year high of $28.10. The company has a market cap of $215.53, a price-to-earnings ratio of 275.00, a PEG ratio of 3.24 and a beta of 1.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 2.42.
Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Lawson Products in the first quarter worth $132,000. Wells Fargo & Company MN grew its position in Lawson Products by 19.0% in the first quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 1,000 shares in the last quarter. Menta Capital LLC grew its position in Lawson Products by 5.7% in the second quarter. Menta Capital LLC now owns 12,986 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 700 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Lawson Products by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after acquiring an additional 900 shares in the last quarter. Finally, Strs Ohio grew its position in Lawson Products by 11.5% in the second quarter. Strs Ohio now owns 28,100 shares of the industrial products company’s stock worth $622,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors own 64.09% of the company’s stock.
Lawson Products Company Profile
Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.
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