Equities analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to announce sales of $74.16 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lawson Products’ earnings, with the lowest sales estimate coming in at $73.71 million and the highest estimate coming in at $74.60 million. Lawson Products reported sales of $70.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The business is scheduled to issue its next earnings report on Thursday, October 19th.

On average, analysts expect that Lawson Products will report full year sales of $74.16 million for the current financial year, with estimates ranging from $293.68 million to $294.40 million. For the next year, analysts anticipate that the company will post sales of $307.75 million per share, with estimates ranging from $306.80 million to $308.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Lawson Products.

Lawson Products (NASDAQ:LAWS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $75.01 million during the quarter, compared to analyst estimates of $72.41 million. Lawson Products had a net margin of 1.85% and a return on equity of 2.54%.

A number of analysts have commented on LAWS shares. Zacks Investment Research cut shares of Lawson Products from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine upgraded shares of Lawson Products from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.

In other news, EVP Neil E. Jenkins sold 5,662 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.48, for a total transaction of $127,281.76. Following the completion of the sale, the executive vice president now owns 12,607 shares in the company, valued at approximately $283,405.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Neil E. Jenkins sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $19.87, for a total transaction of $99,350.00. Following the sale, the executive vice president now owns 11,892 shares of the company’s stock, valued at approximately $236,294.04. The disclosure for this sale can be found here. In the last quarter, insiders acquired 15,767 shares of company stock valued at $311,557 and sold 16,690 shares valued at $357,279. Company insiders own 18.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Strs Ohio boosted its stake in Lawson Products by 11.5% in the second quarter. Strs Ohio now owns 28,100 shares of the industrial products company’s stock worth $622,000 after buying an additional 2,900 shares in the last quarter. Granahan Investment Management Inc. MA boosted its stake in Lawson Products by 4.0% in the first quarter. Granahan Investment Management Inc. MA now owns 338,763 shares of the industrial products company’s stock worth $7,605,000 after buying an additional 13,080 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Lawson Products by 11.8% in the first quarter. King Luther Capital Management Corp now owns 2,210,704 shares of the industrial products company’s stock worth $49,630,000 after buying an additional 232,616 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Lawson Products by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 610,321 shares of the industrial products company’s stock worth $13,702,000 after buying an additional 1,892 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Lawson Products by 3.1% in the first quarter. Geode Capital Management LLC now owns 44,508 shares of the industrial products company’s stock worth $999,000 after buying an additional 1,338 shares in the last quarter. Institutional investors own 65.26% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “$74.16 Million in Sales Expected for Lawson Products, Inc. (LAWS) This Quarter” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. 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.thecerbatgem.com/2017/08/20/74-16-million-in-sales-expected-for-lawson-products-inc-laws-this-quarter.html.

Shares of Lawson Products (LAWS) traded up 0.22% during midday trading on Thursday, hitting $23.25. 13,512 shares of the company’s stock were exchanged. Lawson Products has a 52 week low of $15.28 and a 52 week high of $28.10. The company has a 50-day moving average of $22.09 and a 200-day moving average of $22.68. The firm has a market cap of $206.32 million, a price-to-earnings ratio of 40.79 and a beta of 1.47.

Lawson Products Company Profile

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

Earnings History and Estimates for Lawson Products (NASDAQ:LAWS)

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