Lawson Products, Inc. (NASDAQ:LAWS) Expected to Announce Earnings of $0.22 Per Share

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Brokerages expect Lawson Products, Inc. (NASDAQ:LAWS) to post $0.22 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Lawson Products’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.11. Lawson Products also reported earnings per share of $0.22 in the same quarter last year. The company is expected to issue its next quarterly earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Lawson Products will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.38. For the next fiscal year, analysts expect that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.91 to $2.20. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Lawson Products.

Lawson Products (NASDAQ:LAWS) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Lawson Products had a return on equity of 18.01% and a net margin of 3.48%. The company had revenue of $94.78 million during the quarter, compared to analysts’ expectations of $93.37 million.

Several research analysts recently weighed in on LAWS shares. BidaskClub cut Lawson Products from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. ValuEngine cut Lawson Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Zacks Investment Research cut Lawson Products from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Barrington Research raised their target price on Lawson Products from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.50.

In related news, CEO Michael G. Decata bought 608 shares of Lawson Products stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average cost of $46.49 per share, with a total value of $28,265.92. Following the completion of the acquisition, the chief executive officer now directly owns 34,910 shares in the company, valued at approximately $1,622,965.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael G. Decata bought 1,000 shares of Lawson Products stock in a transaction dated Tuesday, November 19th. The shares were bought at an average cost of $47.50 per share, with a total value of $47,500.00. Following the completion of the acquisition, the chief executive officer now owns 35,910 shares of the company’s stock, valued at $1,705,725. The disclosure for this purchase can be found here. Corporate insiders own 51.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in LAWS. Hillsdale Investment Management Inc. lifted its holdings in shares of Lawson Products by 6,971.4% during the second quarter. Hillsdale Investment Management Inc. now owns 49,500 shares of the industrial products company’s stock valued at $1,818,000 after purchasing an additional 48,800 shares during the last quarter. King Luther Capital Management Corp increased its position in Lawson Products by 0.9% in the 2nd quarter. King Luther Capital Management Corp now owns 4,331,908 shares of the industrial products company’s stock worth $159,111,000 after purchasing an additional 37,707 shares during the last quarter. Renaissance Technologies LLC increased its position in Lawson Products by 61.6% in the 2nd quarter. Renaissance Technologies LLC now owns 87,100 shares of the industrial products company’s stock worth $3,199,000 after purchasing an additional 33,211 shares during the last quarter. Vanguard Group Inc. increased its position in Lawson Products by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 258,886 shares of the industrial products company’s stock worth $9,509,000 after purchasing an additional 15,515 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Lawson Products by 132.2% in the 3rd quarter. Squarepoint Ops LLC now owns 24,677 shares of the industrial products company’s stock worth $956,000 after purchasing an additional 14,051 shares during the last quarter. 85.12% of the stock is owned by institutional investors and hedge funds.

Shares of LAWS stock opened at $51.56 on Friday. The stock has a 50-day simple moving average of $46.38 and a 200 day simple moving average of $39.99. Lawson Products has a fifty-two week low of $28.10 and a fifty-two week high of $52.45. The stock has a market capitalization of $462.06 million, a P/E ratio of 65.27, a P/E/G ratio of 2.28 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.89 and a debt-to-equity ratio of 0.09.

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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