Lakeland Industries (NASDAQ:LAKE) Posts Quarterly Earnings Results, Misses Expectations By $0.61 EPS

Lakeland Industries (NASDAQ:LAKE) issued its quarterly earnings data on Wednesday. The medical instruments supplier reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61), Zacks reports. Lakeland Industries had a return on equity of 6.84% and a net margin of 4.34%. The company had revenue of $38.51 million for the quarter, compared to the consensus estimate of $41.10 million. During the same quarter last year, the business earned $0.32 earnings per share. Lakeland Industries updated its FY 2025 guidance to EPS.

Lakeland Industries Trading Down 9.6 %

NASDAQ LAKE opened at $21.50 on Thursday. The company has a quick ratio of 2.74, a current ratio of 5.39 and a debt-to-equity ratio of 0.10. Lakeland Industries has a 52 week low of $13.86 and a 52 week high of $26.10. The business has a 50 day moving average price of $23.24 and a 200-day moving average price of $19.88. The company has a market cap of $158.63 million, a price-to-earnings ratio of 31.71 and a beta of 0.58.

Lakeland Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a $0.03 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.12 annualized dividend and a yield of 0.56%. Lakeland Industries’s payout ratio is currently 16.00%.

Wall Street Analysts Forecast Growth

LAKE has been the topic of several research analyst reports. Maxim Group upped their target price on Lakeland Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Roth Mkm boosted their target price on shares of Lakeland Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd.

Insider Buying and Selling

In other Lakeland Industries news, CEO James M. Jenkins acquired 2,085 shares of the company’s stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $23.98 per share, with a total value of $49,998.30. Following the completion of the purchase, the chief executive officer now owns 75,728 shares of the company’s stock, valued at $1,815,957.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by company insiders.

About Lakeland Industries

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.