Brokerages Expect Lawson Products, Inc. (LAWS) to Post $0.20 Earnings Per Share
Brokerages expect Lawson Products, Inc. (NASDAQ:LAWS) to report $0.20 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Lawson Products’ earnings. The highest EPS estimate is $0.20 and the lowest is $0.19. Lawson Products also posted earnings of $0.20 per share in the same quarter last year. The firm is scheduled to issue its next earnings report on Thursday, October 19th.
On average, analysts expect that Lawson Products will report full-year earnings of $0.54 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $0.75 per share. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Lawson Products.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.10. Lawson Products had a net margin of 1.85% and a return on equity of 2.54%. The business had revenue of $75.01 million during the quarter, compared to analyst estimates of $72.41 million.
LAWS has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Lawson Products from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Barrington Research upgraded shares of Lawson Products from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Friday, April 21st. Finally, ValuEngine upgraded shares of Lawson Products from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
Lawson Products (NASDAQ:LAWS) traded down 1.05% during mid-day trading on Tuesday, reaching $23.45. 8,792 shares of the company’s stock traded hands. The firm has a market cap of $208.10 million, a price-to-earnings ratio of 39.48 and a beta of 1.47. Lawson Products has a one year low of $15.28 and a one year high of $28.10. The firm’s 50-day moving average price is $21.92 and its 200 day moving average price is $22.68.
In other news, EVP Neil E. Jenkins sold 5,662 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.48, for a total value of $127,281.76. Following the sale, the executive vice president now directly owns 12,607 shares in the company, valued at approximately $283,405.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Private Discipline Master Lkcm bought 13,653 shares of Lawson Products stock in a transaction dated Friday, May 26th. The stock was acquired at an average price of $19.87 per share, for a total transaction of $271,285.11. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 15,767 shares of company stock worth $311,557 and sold 16,266 shares worth $347,230. Insiders own 18.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of LAWS. SG Americas Securities LLC acquired a new stake in Lawson Products during the first quarter worth $132,000. Wells Fargo & Company MN increased its stake 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 buying an additional 1,000 shares during the period. Cadence Capital Management LLC increased its stake in Lawson Products by 177.8% in the first quarter. Cadence Capital Management LLC now owns 47,164 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 30,184 shares during the period. State Street Corp increased its stake in Lawson Products by 10.5% in the fourth quarter. State Street Corp now owns 66,197 shares of the industrial products company’s stock worth $1,575,000 after buying an additional 6,275 shares during the period. Finally, Granahan Investment Management Inc. MA increased its stake in Lawson Products by 4.0% in the first quarter. Granahan Investment Management Inc. MA now owns 338,763 shares of the industrial products company’s stock worth $7,605,000 after buying an additional 13,080 shares during the period. Hedge funds and other institutional investors own 65.26% of the company’s stock.
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About Lawson Products
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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