Equities analysts forecast that Lawson Products, Inc. (NASDAQ:LAWS) will announce sales of $103.49 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Lawson Products’ earnings. The lowest sales estimate is $101.57 million and the highest is $105.40 million. Lawson Products posted sales of $91.04 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The business is expected to announce its next earnings report before the market opens on Thursday, April 29th.
According to Zacks, analysts expect that Lawson Products will report full year sales of $420.07 million for the current fiscal year, with estimates ranging from $413.63 million to $426.50 million. For the next year, analysts forecast that the business will post sales of $447.43 million, with estimates ranging from $438.46 million to $456.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Lawson Products.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings data on Thursday, February 25th. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.44). Lawson Products had a net margin of 3.47% and a return on equity of 7.18%. The company had revenue of $98.13 million for the quarter, compared to analysts’ expectations of $98.45 million.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Lawson Products from a “hold” rating to a “sell” rating in a report on Friday, February 26th. Barrington Research upped their price target on shares of Lawson Products from $57.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, March 1st.
NASDAQ:LAWS traded down $0.01 during mid-day trading on Friday, hitting $51.35. The company’s stock had a trading volume of 4,228 shares, compared to its average volume of 14,332. Lawson Products has a 1 year low of $26.51 and a 1 year high of $60.79. The stock has a market cap of $465.54 million, a price-to-earnings ratio of 40.75, a PEG ratio of 1.19 and a beta of 1.19. The business’s fifty day moving average is $53.56 and its two-hundred day moving average is $49.42.
Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Lawson Products by 289.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,074 shares of the industrial products company’s stock worth $666,000 after acquiring an additional 9,716 shares during the period. Nuveen Asset Management LLC raised its position in shares of Lawson Products by 9.8% in the fourth quarter. Nuveen Asset Management LLC now owns 19,819 shares of the industrial products company’s stock worth $1,009,000 after acquiring an additional 1,774 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in shares of Lawson Products in the fourth quarter worth about $214,000. Citigroup Inc. raised its position in shares of Lawson Products by 302.3% in the fourth quarter. Citigroup Inc. now owns 857 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 644 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Lawson Products by 7.7% in the fourth quarter. Rhumbline Advisers now owns 7,430 shares of the industrial products company’s stock worth $378,000 after acquiring an additional 532 shares during the period. Institutional investors and hedge funds own 86.21% of the company’s stock.
About Lawson Products
Lawson Products, Inc distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and operations marketplace in the United States and Canada. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, cutting tools and abrasives, fluid power products, specialty chemicals, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.
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