Zacks: Lakeland Industries, Inc. (LAKE) Given Consensus Recommendation of “Strong Buy” by Analysts
Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $18.00 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 85 out of 255 based on the ratings given to related companies.
LAKE has been the subject of a number of research analyst reports. Roth Capital reiterated a “buy” rating on shares of Lakeland Industries in a report on Sunday, September 9th. Zacks Investment Research lowered Lakeland Industries from a “hold” rating to a “sell” rating in a report on Thursday, September 13th.
Lakeland Industries stock traded down $0.07 during trading hours on Monday, reaching $13.28. 28,484 shares of the company were exchanged, compared to its average volume of 47,548. The stock has a market capitalization of $108.35 million, a P/E ratio of 18.44 and a beta of 0.19. The company has a quick ratio of 2.87, a current ratio of 6.81 and a debt-to-equity ratio of 0.01. Lakeland Industries has a 12 month low of $12.20 and a 12 month high of $16.85.
Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Monday, September 10th. The medical instruments supplier reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Lakeland Industries had a positive return on equity of 5.73% and a negative net margin of 0.23%. The company had revenue of $25.62 million for the quarter, compared to the consensus estimate of $25.10 million. sell-side analysts anticipate that Lakeland Industries will post 0.85 earnings per share for the current year.
About Lakeland Industries
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.
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