Wall Street brokerages expect Lakeland Industries, Inc. (NASDAQ:LAKE) to announce sales of $21.90 million for the current quarter, according to Zacks. Two analysts have made estimates for Lakeland Industries’ earnings. The highest sales estimate is $22.15 million and the lowest is $21.64 million. Lakeland Industries reported sales of $20.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.9%. The business is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that Lakeland Industries will report full year sales of $21.90 million for the current fiscal year, with estimates ranging from $92.98 million to $94.22 million. For the next financial year, analysts expect that the firm will post sales of $98.12 million per share, with estimates ranging from $98.10 million to $98.13 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Lakeland Industries.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday. TheStreet downgraded shares of Lakeland Industries from a “b” rating to a “c+” rating in a report on Friday, December 15th. ValuEngine upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Roth Capital assumed coverage on shares of Lakeland Industries in a report on Wednesday, August 23rd. They set a “buy” rating and a $18.00 price objective on the stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Lakeland Industries by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 425,343 shares of the medical instruments supplier’s stock valued at $4,572,000 after acquiring an additional 11,716 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Lakeland Industries during the third quarter valued at about $402,000. EAM Investors LLC acquired a new position in shares of Lakeland Industries during the third quarter valued at about $593,000. Royal Bank of Canada increased its holdings in shares of Lakeland Industries by 132.6% during the second quarter. Royal Bank of Canada now owns 155,970 shares of the medical instruments supplier’s stock valued at $2,262,000 after acquiring an additional 88,910 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Lakeland Industries by 54.8% during the first quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock valued at $210,000 after acquiring an additional 6,924 shares in the last quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.

Shares of Lakeland Industries (NASDAQ:LAKE) opened at $14.90 on Thursday. The company has a market cap of $120.93, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.68 and a beta of -0.11. Lakeland Industries has a 1 year low of $9.85 and a 1 year high of $17.18. The company has a current ratio of 6.43, a quick ratio of 2.70 and a debt-to-equity ratio of 0.02.

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Lakeland Industries Company Profile

Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.

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Earnings History and Estimates for Lakeland Industries (NASDAQ:LAKE)

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