Lawson Products, Inc. (LAWS) Expected to Announce Quarterly Sales of $86.01 Million

Equities analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to report sales of $86.01 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Lawson Products’ earnings. The highest sales estimate is $87.60 million and the lowest is $84.42 million. Lawson Products posted sales of $80.63 million in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Lawson Products will report full-year sales of $349.40 million for the current year, with estimates ranging from $347.79 million to $351.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $365.81 million, with estimates ranging from $364.92 million to $366.70 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Lawson Products.

Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.50). The company had revenue of $88.53 million during the quarter, compared to analyst estimates of $89.54 million. Lawson Products had a return on equity of 4.09% and a net margin of 6.93%.

LAWS has been the subject of a number of research analyst reports. BidaskClub upgraded Lawson Products from a “hold” rating to a “buy” rating in a report on Friday, August 24th. ValuEngine upgraded Lawson Products from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Zacks Investment Research downgraded Lawson Products from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. TheStreet upgraded Lawson Products from a “c+” rating to a “b-” rating in a report on Friday, August 10th. Finally, Barrington Research set a $37.00 target price on Lawson Products and gave the stock a “buy” rating in a report on Tuesday, October 30th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.50.

Shares of Lawson Products stock traded up $0.33 during midday trading on Friday, reaching $31.13. The company had a trading volume of 20,048 shares, compared to its average volume of 9,641. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 0.88. The firm has a market cap of $274.73 million, a P/E ratio of 61.04, a P/E/G ratio of 2.75 and a beta of 1.23. Lawson Products has a fifty-two week low of $21.00 and a fifty-two week high of $36.90.

A number of hedge funds have recently modified their holdings of LAWS. JPMorgan Chase & Co. increased its holdings in Lawson Products by 100.2% in the third quarter. JPMorgan Chase & Co. now owns 4,286 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 2,145 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of Lawson Products during the third quarter valued at approximately $257,000. Acadian Asset Management LLC increased its holdings in shares of Lawson Products by 49.9% during the second quarter. Acadian Asset Management LLC now owns 17,221 shares of the industrial products company’s stock valued at $419,000 after acquiring an additional 5,733 shares in the last quarter. Ramsey Quantitative Systems increased its holdings in shares of Lawson Products by 102.4% during the third quarter. Ramsey Quantitative Systems now owns 17,640 shares of the industrial products company’s stock valued at $598,000 after acquiring an additional 8,924 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Lawson Products by 43.0% during the third quarter. Algert Global LLC now owns 19,380 shares of the industrial products company’s stock valued at $657,000 after acquiring an additional 5,830 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Lawson Products Company Profile

Lawson Products, Inc distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and operations marketplace in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, fluid power products, specialty chemicals, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.

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