Lawson Products (NASDAQ:LAWS) is scheduled to announce its earnings results on Thursday, April 19th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
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 analysts’ consensus estimates of $0.16 by ($0.18). The business had revenue of $80.63 million for the quarter, compared to analyst estimates 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 last year, the firm earned ($0.53) EPS. On average, analysts expect Lawson Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ LAWS traded down $0.15 during trading on Friday, reaching $25.05. 6,812 shares of the company’s stock were exchanged, compared to its average volume of 12,040. The company has a market cap of $223.99, a PE ratio of 49.12, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23. The company has a quick ratio of 0.79, a current ratio of 1.64 and a debt-to-equity ratio of 0.07. Lawson Products has a fifty-two week low of $18.70 and a fifty-two week high of $28.00.
Several equities analysts have recently commented on LAWS shares. TheStreet raised Lawson Products from a “c” rating to a “b” rating in a research report on Thursday, April 5th. Zacks Investment Research raised Lawson Products from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, January 23rd. Finally, ValuEngine downgraded Lawson Products from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.00.
In other news, major shareholder Private Discipline Master Lkcm bought 120,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were bought at an average price of $25.00 per share, with a total value of $3,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald B. Port sold 100,000 shares of the business’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 value of $2,400,000.00. Following the completion of the sale, the director now owns 32,583 shares of the company’s stock, valued at $781,992. The disclosure for this sale can be found here. Insiders bought 248,131 shares of company stock worth $6,076,174 in the last ninety days. 17.50% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Lawson Products stock. State Street Corp lifted its stake in Lawson Products, Inc. (NASDAQ:LAWS) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,043 shares of the industrial products company’s stock after buying an additional 8,776 shares during the period. State Street Corp owned approximately 0.91% of Lawson Products worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 64.78% of the company’s stock.
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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.