Equities analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to announce sales of $70.27 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lawson Products’ earnings. The highest sales estimate is $70.34 million and the lowest is $70.20 million. Lawson Products reported sales of $67.32 million during the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Lawson Products will report full year sales of $70.27 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 post sales of $307.75 million per share, with estimates ranging from $306.80 million to $308.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Lawson Products.

Lawson Products (NASDAQ:LAWS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The firm had revenue of $75.65 million during the quarter, compared to analysts’ expectations of $74.16 million. Lawson Products had a return on equity of 1.72% and a net margin of 1.64%.

A number of research analysts have commented on LAWS shares. Zacks Investment Research upgraded Lawson Products from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, October 18th. TheStreet upgraded Lawson Products from a “c+” rating to a “b” rating in a research note on Thursday, October 5th. Finally, KeyCorp restated a “hold” rating on shares of Lawson Products in a research note on Sunday, September 17th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.00.

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Lawson Products (LAWS) opened at 23.75 on Tuesday. The stock has a market capitalization of $210.76 million, a P/E ratio of 39.98 and a beta of 1.58. Lawson Products has a 12-month low of $18.40 and a 12-month high of $28.10. The stock has a 50 day moving average price of $25.10 and a 200-day moving average price of $22.65.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. King Luther Capital Management Corp boosted its stake in shares of Lawson Products by 0.7% during the 2nd quarter. King Luther Capital Management Corp now owns 2,225,414 shares of the industrial products company’s stock worth $49,293,000 after acquiring an additional 14,710 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lawson Products by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 610,321 shares of the industrial products company’s stock worth $13,702,000 after acquiring an additional 1,892 shares in the last quarter. Teton Advisors Inc. boosted its stake in shares of Lawson Products by 0.8% during the 2nd quarter. Teton Advisors Inc. now owns 266,714 shares of the industrial products company’s stock worth $5,908,000 after acquiring an additional 2,000 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Lawson Products by 2.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 217,800 shares of the industrial products company’s stock worth $4,824,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Lawson Products by 22.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 187,158 shares of the industrial products company’s stock worth $4,146,000 after acquiring an additional 33,986 shares in the last quarter. Institutional investors own 64.17% of the company’s stock.

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.

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Earnings History and Estimates for Lawson Products (NASDAQ:LAWS)

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