Lawson Products, Inc. (LAWS) Expected to Announce Quarterly Sales of $74.16 Million
Brokerages expect Lawson Products, Inc. (NASDAQ:LAWS) to announce sales of $74.16 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Lawson Products’ earnings, with the lowest sales estimate coming in at $73.71 million and the highest estimate coming in at $74.60 million. Lawson Products posted sales of $70.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 19th.
According to Zacks, analysts expect that Lawson Products will report full-year sales of $74.16 million for the current fiscal year, with estimates ranging from $293.68 million to $294.40 million. For the next financial year, analysts forecast that the business will report sales of $307.75 million per share, with estimates ranging from $306.80 million to $308.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Lawson Products.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $75.01 million for the quarter, compared to the consensus estimate of $72.41 million. Lawson Products had a net margin of 1.85% and a return on equity of 2.54%.
LAWS has been the topic of a number of research analyst reports. Zacks Investment Research cut Lawson Products from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Barrington Research upgraded Lawson Products from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Friday, April 21st. Finally, ValuEngine upgraded Lawson Products from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
In other news, major shareholder Private Discipline Master Lkcm bought 13,653 shares of the stock in a transaction dated Friday, May 26th. The shares were bought at an average cost of $19.87 per share, with a total value of $271,285.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil E. Jenkins sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $19.87, for a total value of $99,350.00. Following the transaction, the executive vice president now directly owns 11,892 shares in the company, valued at $236,294.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 15,767 shares of company stock worth $311,557 and have sold 16,266 shares worth $347,230. 18.20% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Lawson Products during the first quarter worth $132,000. Wells Fargo & Company MN raised its position in shares of 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 last quarter. Menta Capital LLC raised its position in shares of Lawson Products by 7.0% in the first quarter. Menta Capital LLC now owns 12,286 shares of the industrial products company’s stock worth $276,000 after buying an additional 800 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Lawson Products by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after buying an additional 900 shares during the last quarter. Finally, Blair William & Co. IL raised its position in shares of Lawson Products by 53.3% in the first quarter. Blair William & Co. IL now owns 20,131 shares of the industrial products company’s stock worth $497,000 after buying an additional 7,000 shares during the last quarter. 65.26% of the stock is currently owned by institutional investors.
Shares of Lawson Products (NASDAQ:LAWS) opened at 23.50 on Thursday. Lawson Products has a 12 month low of $15.28 and a 12 month high of $28.10. The company has a 50 day moving average of $22.00 and a 200-day moving average of $22.69. The firm has a market capitalization of $208.54 million, a P/E ratio of 39.56 and a beta of 1.47.
Lawson Products Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lawson Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lawson Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.