Brokers Issue Forecasts for Lawson Products, Inc.’s FY2018 Earnings (LAWS)

Lawson Products, Inc. (NASDAQ:LAWS) – Equities researchers at KeyCorp lifted their FY2018 earnings per share (EPS) estimates for shares of Lawson Products in a research note issued on Thursday. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings per share of $1.56 for the year, up from their previous forecast of $1.35.

Several other equities analysts also recently commented on LAWS. Zacks Investment Research downgraded shares of Lawson Products from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. TheStreet raised shares of Lawson Products from a “c+” rating to a “b” rating in a research note on Thursday, October 5th. Finally, Barrington Research reissued an “outperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Lawson Products in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.50.

Lawson Products (NASDAQ LAWS) opened at $24.70 on Monday. The company has a market cap of $219.53, a P/E ratio of 49.40, a P/E/G ratio of 1.40 and a beta of 1.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.42 and a quick ratio of 1.41. Lawson Products has a 52 week low of $18.70 and a 52 week high of $28.10.

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

A number of large investors have recently modified their holdings of the stock. Granahan Investment Management Inc. MA lifted its stake in Lawson Products by 9.1% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 234,153 shares of the industrial products company’s stock valued at $5,901,000 after purchasing an additional 19,509 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Lawson Products by 22.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 187,158 shares of the industrial products company’s stock valued at $4,146,000 after purchasing an additional 33,986 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in Lawson Products by 22.2% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 110,000 shares of the industrial products company’s stock valued at $2,437,000 after purchasing an additional 20,000 shares during the last quarter. State Street Corp lifted its stake in Lawson Products by 12.1% in the 2nd quarter. State Street Corp now owns 81,043 shares of the industrial products company’s stock valued at $1,795,000 after purchasing an additional 8,776 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Lawson Products by 10.1% in the 2nd quarter. Northern Trust Corp now owns 75,770 shares of the industrial products company’s stock valued at $1,678,000 after purchasing an additional 6,968 shares during the last quarter. 64.45% of the stock is owned by institutional investors and hedge funds.

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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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