$86.01 Million in Sales Expected for Lawson Products, Inc. (LAWS) This Quarter

Equities analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to report sales of $86.01 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lawson Products’ earnings, with estimates ranging from $84.42 million to $87.60 million. Lawson Products reported sales of $80.63 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The firm is expected to report its next quarterly earnings results on Thursday, February 28th.

On average, analysts expect that Lawson Products will report full-year sales of $349.40 million for the current fiscal year, with estimates ranging from $347.79 million to $351.00 million. For the next year, analysts anticipate that the business will post sales of $365.81 million, with estimates ranging from $364.92 million to $366.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Lawson Products.

A number of research firms recently weighed in on LAWS. BidaskClub lowered shares of Lawson Products from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Zacks Investment Research upgraded shares of Lawson Products from a “hold” rating to a “strong-buy” rating and set a $31.00 target price on the stock in a research note on Thursday, August 2nd. TheStreet upgraded shares of Lawson Products from a “c+” rating to a “b-” rating in a research note on Friday, August 10th. Barrington Research set a $37.00 target price on shares of Lawson Products and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Finally, ValuEngine upgraded shares of Lawson Products from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $36.50.

Shares of LAWS stock traded up $0.47 during trading hours on Wednesday, reaching $31.07. 4,221 shares of the stock were exchanged, compared to its average volume of 12,764. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.88 and a current ratio of 1.67. Lawson Products has a 12-month low of $21.00 and a 12-month high of $36.90. The firm has a market capitalization of $271.87 million, a price-to-earnings ratio of 60.92, a PEG ratio of 1.69 and a beta of 1.22.

A number of institutional investors have recently made changes to their positions in LAWS. Gamco Investors INC. ET AL grew its position in shares of Lawson Products by 14.9% during the second quarter. Gamco Investors INC. ET AL now owns 202,340 shares of the industrial products company’s stock worth $4,927,000 after acquiring an additional 26,202 shares during the last quarter. Granahan Investment Management Inc. MA grew its position in shares of Lawson Products by 13.4% during the second quarter. Granahan Investment Management Inc. MA now owns 289,781 shares of the industrial products company’s stock worth $7,056,000 after acquiring an additional 34,340 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lawson Products by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 584,391 shares of the industrial products company’s stock worth $14,230,000 after acquiring an additional 8,718 shares during the last quarter. Cadence Capital Management LLC grew its position in shares of Lawson Products by 12.2% during the second quarter. Cadence Capital Management LLC now owns 98,823 shares of the industrial products company’s stock worth $2,406,000 after acquiring an additional 10,715 shares during the last quarter. Finally, Ramsey Quantitative Systems grew its position in shares of Lawson Products by 102.7% during the second quarter. Ramsey Quantitative Systems now owns 8,716 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 4,416 shares during the last quarter. Institutional investors own 66.19% 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, Puerto Rico, Canada, Mexico, and the Caribbean. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, fluid power products, specialty chemicals, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.

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