Lakeland Industries, Inc. (LAKE) Issues Q2 Earnings Guidance
Lakeland Industries, Inc. (NASDAQ:LAKE) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.19-0.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $23-25 million, compared to the consensus revenue estimate of $23.28 million.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Lakeland Industries from a buy rating to a hold rating in a research report on Tuesday. ValuEngine downgraded shares of Lakeland Industries from a buy rating to a hold rating in a research report on Thursday, July 6th. Finally, TheStreet raised shares of Lakeland Industries from a c+ rating to a b rating in a research report on Wednesday, June 28th.
Lakeland Industries, Inc. (LAKE) traded down 1.57% during trading on Wednesday, reaching $15.65. 83,114 shares of the company’s stock were exchanged. Lakeland Industries, Inc. has a 52-week low of $9.14 and a 52-week high of $17.18. The company has a market capitalization of $113.68 million, a price-to-earnings ratio of 20.59 and a beta of -0.12. The stock’s 50-day moving average price is $15.39 and its 200-day moving average price is $12.04.
Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Wednesday, June 14th. The medical instruments supplier reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. Lakeland Industries had a return on equity of 7.87% and a net margin of 6.31%. The company had revenue of $22.90 million during the quarter, compared to analyst estimates of $21.95 million. Lakeland Industries’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts expect that Lakeland Industries, Inc. will post $0.81 earnings per share for the current year.
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About Lakeland Industries
Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.
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