Lawson Products, Inc. (LAWS) Expected to Announce Earnings of $0.16 Per Share

Analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to announce earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Lawson Products’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.25. Lawson Products reported earnings of $0.09 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 77.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Lawson Products will report full-year earnings of $0.51 per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $1.07 per share, with EPS estimates ranging from $0.79 to $1.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Lawson Products.

Lawson Products (NASDAQ:LAWS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). Lawson Products had a return on equity of 1.72% and a net margin of 1.64%. The business had revenue of $75.65 million for the quarter, compared to analyst estimates of $74.16 million.

Several research analysts have weighed in on LAWS shares. Zacks Investment Research upgraded shares of Lawson Products from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, October 18th. TheStreet upgraded shares of Lawson Products from a “c+” rating to a “b” rating in a report on Thursday, October 5th. KeyCorp restated a “hold” rating on shares of Lawson Products in a report on Sunday, September 17th. Finally, Barrington Research restated an “outperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of Lawson Products in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.50.

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Several hedge funds have recently made changes to their positions in LAWS. Lord Abbett & CO. LLC raised its holdings in shares of Lawson Products by 22.2% in the second quarter. Lord Abbett & CO. LLC now owns 187,158 shares of the industrial products company’s stock valued at $4,146,000 after purchasing an additional 33,986 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Lawson Products by 373.5% in the third quarter. New York State Common Retirement Fund now owns 30,775 shares of the industrial products company’s stock valued at $776,000 after purchasing an additional 24,275 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in shares of Lawson Products by 22.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 110,000 shares of the industrial products company’s stock valued at $2,437,000 after purchasing an additional 20,000 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Lawson Products in the third quarter valued at about $504,000. Finally, Granahan Investment Management Inc. MA raised its holdings in shares of Lawson Products by 9.1% in the third quarter. Granahan Investment Management Inc. MA now owns 234,153 shares of the industrial products company’s stock valued at $5,901,000 after purchasing an additional 19,509 shares during the last quarter. Institutional investors own 64.41% of the company’s stock.

Lawson Products (NASDAQ:LAWS) traded down $0.20 on Friday, reaching $25.75. 20,537 shares of the company’s stock traded hands, compared to its average volume of 17,038. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 2.42. Lawson Products has a 1 year low of $18.70 and a 1 year high of $28.10. The firm has a market capitalization of $225.31, a P/E ratio of 281.67, a price-to-earnings-growth ratio of 3.31 and a beta of 1.60.

About Lawson Products

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

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