Lawson Products, Inc. (LAWS) Scheduled to Post Earnings on Wednesday
Lawson Products, Inc. (NASDAQ:LAWS) will release its earnings data before the market opens on Wednesday, October 18th. Analysts expect Lawson Products to post earnings of $0.13 per share for the quarter.
Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.10. Lawson Products had a net margin of 1.85% and a return on equity of 2.54%. The company had revenue of $75.01 million for the quarter, compared to analysts’ expectations of $72.41 million. On average, analysts expect Lawson Products to post $0.54 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Lawson Products, Inc. (NASDAQ LAWS) opened at 25.90 on Monday. The company has a market capitalization of $229.84 million, a PE ratio of 43.60 and a beta of 1.58. Lawson Products, Inc. has a one year low of $16.69 and a one year high of $28.10. The stock’s 50 day moving average is $24.60 and its 200 day moving average is $22.26.
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A number of analysts recently weighed in on the stock. TheStreet raised shares of Lawson Products from a “c+” rating to a “b” rating in a report on Thursday, October 5th. Zacks Investment Research lowered shares of Lawson Products from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lawson Products in a report on Sunday, September 17th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Lawson Products currently has an average rating of “Hold” and an average price target of $26.00.
In related news, EVP Neil E. Jenkins sold 5,662 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.48, for a total transaction of $127,281.76. Following the sale, the executive vice president now owns 12,607 shares of the company’s stock, valued at approximately $283,405.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.20% of the company’s stock.
An institutional investor recently raised its position in Lawson Products stock. State Street Corp raised its stake in Lawson Products, Inc. (NASDAQ:LAWS) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,043 shares of the industrial products company’s stock after buying an additional 8,776 shares during the period. State Street Corp owned about 0.91% of Lawson Products worth $1,795,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 64.21% of the company’s stock.
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.
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