Headlines about Lakeland Industries (NASDAQ:LAKE) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lakeland Industries earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the medical instruments supplier an impact score of 45.5598462667265 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
- Lakeland Industries (LAKE) Receives Consensus Recommendation of “Strong Buy” from Analysts (americanbankingnews.com)
- Brokerages Anticipate Lakeland Industries, Inc. (LAKE) Will Post Quarterly Sales of $21.90 Million (americanbankingnews.com)
- Industrial Safety Gloves Market will Account for Revenues Worth US$ 9,500 Mn by 2026-End (menafn.com)
- $0.19 EPS Expected for Lakeland Industries, Inc. (LAKE) This Quarter (americanbankingnews.com)
Several research analysts have issued reports on LAKE shares. Zacks Investment Research raised shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Tuesday, December 19th. TheStreet cut shares of Lakeland Industries from a “b” rating to a “c+” rating in a report on Friday, December 15th.
Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings data on Friday, December 15th. The medical instruments supplier reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. Lakeland Industries had a net margin of 6.92% and a return on equity of 8.21%. The firm had revenue of $23.96 million during the quarter, compared to analysts’ expectations of $25.06 million. analysts anticipate that Lakeland Industries will post 0.9 EPS for the current fiscal year.
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About Lakeland Industries
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. The company offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and fire fighting and heat protective apparel, which protects against fire, burns, and excessive heat.
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