Lawson Products, Inc. (LAWS) Expected to Announce Earnings of $0.16 Per Share
Equities analysts forecast that Lawson Products, Inc. (NASDAQ:LAWS) will post earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Lawson Products’ earnings. Lawson Products posted earnings of $0.09 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 77.8%. The company is scheduled to report its next earnings report on Thursday, April 19th.
On average, analysts expect that Lawson Products will report full year earnings of $0.62 per share for the current year. For the next fiscal year, analysts forecast that the business will post earnings of $0.91 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Lawson Products.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.18). The business had revenue of $80.63 million during the quarter, compared to analysts’ expectations of $78.40 million. Lawson Products had a return on equity of 5.31% and a net margin of 9.70%. During the same period in the previous year, the company posted ($0.53) EPS.
In other Lawson Products news, Director Ronald B. Port sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $24.00, for a total transaction of $2,400,000.00. Following the transaction, the director now owns 32,583 shares in the company, valued at approximately $781,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 18.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its stake in Lawson Products by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 900 shares in the last quarter. Algert Global LLC increased its stake in Lawson Products by 15.7% during the 4th quarter. Algert Global LLC now owns 19,634 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 2,670 shares in the last quarter. Millennium Management LLC increased its stake in Lawson Products by 17.2% during the 4th quarter. Millennium Management LLC now owns 35,111 shares of the industrial products company’s stock valued at $869,000 after purchasing an additional 5,148 shares in the last quarter. Cadence Capital Management LLC increased its stake in Lawson Products by 7.8% during the 4th quarter. Cadence Capital Management LLC now owns 72,860 shares of the industrial products company’s stock valued at $1,803,000 after purchasing an additional 5,257 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Lawson Products by 10.1% during the 2nd quarter. Northern Trust Corp now owns 75,770 shares of the industrial products company’s stock valued at $1,678,000 after purchasing an additional 6,968 shares in the last quarter. Institutional investors and hedge funds own 64.78% of the company’s stock.
Lawson Products (LAWS) traded up $0.10 during midday trading on Friday, hitting $24.20. 392 shares of the company traded hands, compared to its average volume of 11,259. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 1.64. The company has a market cap of $214.20, a price-to-earnings ratio of 7.44, a PEG ratio of 2.59 and a beta of 1.41. Lawson Products has a 1 year low of $18.70 and a 1 year high of $27.70.
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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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