Lawson Products, Inc. (LAWS) Expected to Post Quarterly Sales of $84.99 Million

Analysts predict that Lawson Products, Inc. (NASDAQ:LAWS) will announce sales of $84.99 million for the current quarter, according to Zacks. Two analysts have made estimates for Lawson Products’ earnings, with the highest sales estimate coming in at $85.38 million and the lowest estimate coming in at $84.60 million. Lawson Products reported sales of $74.62 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.9%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, April 19th.

According to Zacks, analysts expect that Lawson Products will report full year sales of $84.99 million for the current year, with estimates ranging from $341.60 million to $342.08 million. For the next year, analysts forecast that the business will report sales of $356.59 million per share, with estimates ranging from $355.70 million to $357.47 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Lawson Products.

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Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, February 22nd. The industrial products company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.18). Lawson Products had a return on equity of 5.31% and a net margin of 9.70%. The business had revenue of $80.63 million for the quarter, compared to analysts’ expectations of $78.40 million. During the same period in the previous year, the company earned ($0.53) earnings per share.

Several research firms have commented on LAWS. ValuEngine cut shares of Lawson Products from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded shares of Lawson Products from a “sell” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, January 23rd. Finally, TheStreet cut shares of Lawson Products from a “b-” rating to a “c” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.00.

In other news, major shareholder Private Discipline Master Lkcm purchased 125,000 shares of the stock in a transaction on Friday, March 2nd. The stock was bought at an average price of $24.00 per share, for a total transaction of $3,000,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael G. Decata purchased 2,189 shares of the stock in a transaction on Tuesday, March 6th. The shares were purchased at an average price of $24.69 per share, with a total value of $54,046.41. Following the acquisition, the insider now directly owns 20,533 shares in the company, valued at $506,959.77. The disclosure for this purchase can be found here. Insiders have acquired a total of 248,131 shares of company stock valued at $6,076,174 in the last quarter. 18.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System acquired a new position in Lawson Products during the 3rd quarter worth approximately $223,000. Acadian Asset Management LLC acquired a new position in Lawson Products during the 4th quarter worth approximately $226,000. Chicago Equity Partners LLC acquired a new position in Lawson Products during the 4th quarter worth approximately $400,000. Stone Ridge Asset Management LLC acquired a new position in Lawson Products during the 4th quarter worth approximately $420,000. Finally, Algert Global LLC acquired a new position in shares of Lawson Products in the 3rd quarter valued at $427,000. Institutional investors own 64.78% of the company’s stock.

Shares of LAWS opened at $24.25 on Friday. Lawson Products has a fifty-two week low of $18.70 and a fifty-two week high of $28.00. The company has a market cap of $211.54, a P/E ratio of 47.55, a price-to-earnings-growth ratio of 2.56 and a beta of 1.23. The company has a current ratio of 1.64, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07.

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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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