Analysts Expect Lakeland Industries, Inc. (LAKE) to Announce $0.19 EPS
Wall Street analysts predict that Lakeland Industries, Inc. (NASDAQ:LAKE) will announce earnings per share of $0.19 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Lakeland Industries’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.16. Lakeland Industries posted earnings per share of $0.21 in the same quarter last year, which indicates a negative year over year growth rate of 9.5%. The firm is expected to report its next earnings results on Wednesday, December 13th.
On average, analysts expect that Lakeland Industries will report full year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.87. For the next fiscal year, analysts expect that the firm will post earnings of $0.88 per share, with EPS estimates ranging from $0.85 to $0.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Lakeland Industries.
Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Lakeland Industries had a return on equity of 8.27% and a net margin of 6.65%. The company had revenue of $23.90 million for the quarter, compared to analyst estimates of $23.91 million. During the same period in the prior year, the company posted $0.20 EPS. Lakeland Industries’s quarterly revenue was up 7.2% on a year-over-year basis.
Several research firms recently commented on LAKE. Zacks Investment Research downgraded Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. ValuEngine downgraded Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. TheStreet upgraded Lakeland Industries from a “c+” rating to a “b” rating in a research report on Wednesday, June 28th. Finally, Roth Capital began coverage on Lakeland Industries in a research report on Wednesday, August 23rd. They set a “buy” rating and a $18.00 target price for the company.
Several institutional investors have recently bought and sold shares of LAKE. Nationwide Fund Advisors lifted its position in shares of Lakeland Industries by 4,456.5% during the 2nd quarter. Nationwide Fund Advisors now owns 9,113 shares of the medical instruments supplier’s stock worth $132,000 after buying an additional 8,913 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Lakeland Industries during the 2nd quarter worth approximately $164,000. Teton Advisors Inc. lifted its position in shares of Lakeland Industries by 7.1% during the 2nd quarter. Teton Advisors Inc. now owns 12,211 shares of the medical instruments supplier’s stock worth $177,000 after buying an additional 811 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Lakeland Industries by 54.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock worth $210,000 after buying an additional 6,924 shares during the period. Finally, North Star Investment Management Corp. lifted its position in shares of Lakeland Industries by 196.6% during the 2nd quarter. North Star Investment Management Corp. now owns 24,000 shares of the medical instruments supplier’s stock worth $348,000 after buying an additional 15,908 shares during the period. Institutional investors and hedge funds own 43.58% of the company’s stock.
Shares of Lakeland Industries (NASDAQ LAKE) traded down 0.64% during trading on Monday, hitting $15.45. The company’s stock had a trading volume of 44,315 shares. Lakeland Industries has a 1-year low of $9.61 and a 1-year high of $17.18. The company has a market capitalization of $124.09 million, a P/E ratio of 18.84 and a beta of -0.06. The firm’s 50 day moving average is $14.43 and its 200-day moving average is $13.36.
Lakeland Industries Company Profile
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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