$74.30 Million in Sales Expected for Lawson Products, Inc. (LAWS) This Quarter

Brokerages expect Lawson Products, Inc. (NASDAQ:LAWS) to post $74.30 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Lawson Products’ earnings. The highest sales estimate is $78.40 million and the lowest is $70.20 million. Lawson Products reported sales of $67.32 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.4%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.

On average, analysts expect that Lawson Products will report full year sales of $74.30 million for the current year, with estimates ranging from $294.40 million to $303.70 million. For the next year, analysts expect that the firm will report sales of $323.90 million per share, with estimates ranging from $308.70 million to $339.10 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Lawson Products.

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

A number of brokerages have recently commented on LAWS. KeyCorp reissued a “hold” rating on shares of Lawson Products in a research report on Sunday, September 17th. Zacks Investment Research downgraded shares of Lawson Products from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. TheStreet raised shares of Lawson Products from a “c+” rating to a “b” rating in a research report 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 report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.50.

Lawson Products (NASDAQ LAWS) traded up $0.45 during trading on Friday, reaching $24.90. 2,900 shares of the company were exchanged, compared to its average volume of 5,125. The company has a market capitalization of $219.09, a P/E ratio of 48.82, a P/E/G ratio of 1.54 and a beta of 1.62. Lawson Products has a 1-year low of $18.70 and a 1-year high of $28.10. The company has a current ratio of 2.42, a quick ratio of 1.41 and a debt-to-equity ratio of 0.09.

Institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System acquired a new stake in shares of Lawson Products during the 3rd quarter worth about $223,000. Menta Capital LLC lifted its stake in shares of Lawson Products by 5.7% during the 2nd quarter. Menta Capital LLC now owns 12,986 shares of the industrial products company’s stock worth $288,000 after buying an additional 700 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Lawson Products by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after buying an additional 900 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Lawson Products during the 3rd quarter worth about $427,000. Finally, Granite Investment Partners LLC acquired a new stake in shares of Lawson Products during the 3rd quarter worth about $504,000. 64.45% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “$74.30 Million in Sales Expected for Lawson Products, Inc. (LAWS) This Quarter” was originally published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.thestockobserver.com/2018/01/12/74-30-million-in-sales-expected-for-lawson-products-inc-laws-this-quarter.html.

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.

Get a free copy of the Zacks research report on Lawson Products (LAWS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lawson Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lawson Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply