$21.90 Million in Sales Expected for Lakeland Industries, Inc. (LAKE) This Quarter
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.
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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