Zacks: Brokerages Expect Lawson Products, Inc. (NASDAQ:LAWS) to Announce $0.49 Earnings Per Share
Analysts forecast that Lawson Products, Inc. (NASDAQ:LAWS) will post earnings of $0.49 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Lawson Products’ earnings, with estimates ranging from $0.47 to $0.51. Lawson Products posted earnings per share of $0.35 during the same quarter last year, which would indicate a positive year over year growth rate of 40%. The business is scheduled to issue its next earnings report before the market opens on Thursday, July 25th.
According to Zacks, analysts expect that Lawson Products will report full-year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.69 to $1.77. For the next fiscal year, analysts forecast that the firm will report earnings of $1.88 per share, with EPS estimates ranging from $1.86 to $1.89. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Lawson Products.
Lawson Products (NASDAQ:LAWS) last released its quarterly earnings data on Thursday, April 18th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.15. The business had revenue of $91.34 million during the quarter, compared to analysts’ expectations of $89.77 million. Lawson Products had a return on equity of 9.19% and a net margin of 2.56%.
Shares of NASDAQ:LAWS traded down $0.30 on Monday, hitting $37.64. 16,565 shares of the company’s stock were exchanged, compared to its average volume of 46,976. The stock has a market capitalization of $337.63 million, a P/E ratio of 47.65, a PEG ratio of 1.25 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 0.88. Lawson Products has a 1-year low of $23.50 and a 1-year high of $40.36. The stock’s 50-day moving average is $36.34.
In other news, SVP Shane Mccarthy sold 2,478 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $36.18, for a total transaction of $89,654.04. Following the completion of the transaction, the senior vice president now directly owns 1,852 shares of the company’s stock, valued at approximately $67,005.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Matthew Jay Brown sold 1,636 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $38.93, for a total value of $63,689.48. The disclosure for this sale can be found here. 51.90% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. King Luther Capital Management Corp raised its stake in shares of Lawson Products by 67.1% during the 1st quarter. King Luther Capital Management Corp now owns 4,294,201 shares of the industrial products company’s stock worth $134,666,000 after buying an additional 1,723,787 shares in the last quarter. BlackRock Inc. raised its stake in shares of Lawson Products by 0.4% during the 4th quarter. BlackRock Inc. now owns 510,714 shares of the industrial products company’s stock worth $16,140,000 after buying an additional 2,062 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Lawson Products by 7.5% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 123,504 shares of the industrial products company’s stock worth $3,873,000 after buying an additional 8,569 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Lawson Products by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 74,159 shares of the industrial products company’s stock worth $2,326,000 after buying an additional 1,304 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Lawson Products by 5.9% during the 1st quarter. Royce & Associates LP now owns 72,000 shares of the industrial products company’s stock worth $2,258,000 after buying an additional 4,000 shares in the last quarter. 85.97% of the stock is owned by institutional investors and hedge funds.
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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