Lakeland Industries (NASDAQ:LAKE) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Lakeland Industries (NASDAQ:LAKE) posted its quarterly earnings data on Monday. The medical instruments supplier reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16, Fidelity Earnings reports. Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. The business had revenue of $27.47 million for the quarter, compared to analyst estimates of $25.62 million.

Shares of Lakeland Industries stock opened at $11.33 on Wednesday. The company’s fifty day simple moving average is $10.69 and its 200-day simple moving average is $11.45. The company has a market cap of $82.94 million, a price-to-earnings ratio of 27.63 and a beta of 0.61. The company has a current ratio of 5.01, a quick ratio of 2.09 and a debt-to-equity ratio of 0.03. Lakeland Industries has a 1 year low of $9.70 and a 1 year high of $14.44.

Several analysts recently weighed in on LAKE shares. ValuEngine upgraded Lakeland Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.

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Earnings History for Lakeland Industries (NASDAQ:LAKE)

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