Zacks: Brokerages Anticipate Lawson Products, Inc. (NASDAQ:LAWS) Will Announce Earnings of $0.27 Per Share

Wall Street brokerages expect that Lawson Products, Inc. (NASDAQ:LAWS) will report earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lawson Products’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.36. Lawson Products reported earnings per share of $0.62 in the same quarter last year, which indicates a negative year over year growth rate of 56.5%. The company is expected to announce its next earnings results on Thursday, July 23rd.

According to Zacks, analysts expect that Lawson Products will report full-year earnings of $2.55 per share for the current financial year. For the next fiscal year, analysts expect that the business will post earnings of $2.03 per share, with EPS estimates ranging from $1.85 to $2.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Lawson Products.

Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.84. Lawson Products had a net margin of 4.21% and a return on equity of 12.71%. The firm had revenue of $91.04 million for the quarter, compared to analysts’ expectations of $94.17 million.

LAWS has been the subject of a number of research reports. TheStreet upgraded Lawson Products from a “c” rating to a “b-” rating in a research report on Friday, May 1st. Barrington Research started coverage on shares of Lawson Products in a report on Thursday, May 28th. They set a “buy” rating and a $44.00 price target for the company. BidaskClub lowered shares of Lawson Products from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Investment Research raised shares of Lawson Products from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.00.

Shares of LAWS stock traded up $2.06 on Monday, reaching $32.11. 19,576 shares of the company’s stock traded hands, compared to its average volume of 17,404. Lawson Products has a 12-month low of $24.52 and a 12-month high of $58.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.99. The company has a market capitalization of $270.34 million, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43. The business’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $39.79.

Several institutional investors have recently made changes to their positions in LAWS. King Luther Capital Management Corp raised its holdings in shares of Lawson Products by 0.3% during the 1st quarter. King Luther Capital Management Corp now owns 4,343,508 shares of the industrial products company’s stock valued at $116,059,000 after purchasing an additional 11,600 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Lawson Products by 5.4% during the first quarter. Gamco Investors INC. ET AL now owns 189,700 shares of the industrial products company’s stock valued at $5,069,000 after buying an additional 9,800 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lawson Products by 7.1% in the first quarter. Geode Capital Management LLC now owns 98,196 shares of the industrial products company’s stock worth $2,623,000 after buying an additional 6,513 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Lawson Products by 24.4% in the fourth quarter. Renaissance Technologies LLC now owns 83,327 shares of the industrial products company’s stock worth $4,341,000 after buying an additional 16,327 shares during the last quarter. Finally, EAM Investors LLC boosted its stake in shares of Lawson Products by 99.7% during the 4th quarter. EAM Investors LLC now owns 50,851 shares of the industrial products company’s stock worth $2,649,000 after acquiring an additional 25,382 shares in the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

About Lawson Products

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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