Analysts expect Lawson Products, Inc. (NASDAQ:LAWS) to post $74.30 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Lawson Products’ earnings. The lowest sales estimate is $70.20 million and the highest is $78.40 million. Lawson Products posted sales of $67.32 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The business is expected to announce its next earnings results on Thursday, February 22nd.

On average, analysts expect that Lawson Products will report full-year sales of $74.30 million for the current fiscal year, with estimates ranging from $294.40 million to $303.70 million. For the next year, analysts expect that the firm will post sales of $323.90 million per share, with estimates ranging from $308.70 million to $339.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Lawson Products.

Lawson Products (NASDAQ:LAWS) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). Lawson Products had a return on equity of 1.72% and a net margin of 1.64%. The business had revenue of $75.65 million for the quarter, compared to analysts’ expectations of $74.16 million.

LAWS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Lawson Products from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, November 1st. TheStreet upgraded Lawson Products from a “c+” rating to a “b” rating in a research note on Thursday, October 5th. Barrington Research restated an “outperform” rating and set a $30.00 price target (up previously from $27.00) on shares of Lawson Products in a research note on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lawson Products in a report on Sunday, September 17th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.50.

Several institutional investors have recently added to or reduced their stakes in the stock. King Luther Capital Management Corp lifted its holdings in shares of Lawson Products by 0.7% during the second quarter. King Luther Capital Management Corp now owns 2,225,414 shares of the industrial products company’s stock worth $49,293,000 after purchasing an additional 14,710 shares during the period. Granahan Investment Management Inc. MA lifted its holdings in shares of Lawson Products by 9.1% during the third quarter. Granahan Investment Management Inc. MA now owns 234,153 shares of the industrial products company’s stock worth $5,901,000 after purchasing an additional 19,509 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of Lawson Products by 22.2% during the second quarter. Lord Abbett & CO. LLC now owns 187,158 shares of the industrial products company’s stock worth $4,146,000 after purchasing an additional 33,986 shares during the period. Punch & Associates Investment Management Inc. lifted its holdings in shares of Lawson Products by 22.2% during the second quarter. Punch & Associates Investment Management Inc. now owns 110,000 shares of the industrial products company’s stock worth $2,437,000 after purchasing an additional 20,000 shares during the period. Finally, State Street Corp lifted its holdings in shares of Lawson Products by 12.1% during the second quarter. State Street Corp now owns 81,043 shares of the industrial products company’s stock worth $1,795,000 after purchasing an additional 8,776 shares during the period. 64.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Lawson Products (LAWS) traded down $0.05 during mid-day trading on Tuesday, hitting $25.10. The stock had a trading volume of 3,700 shares, compared to its average volume of 16,064. Lawson Products has a 1-year low of $18.70 and a 1-year high of $28.10. The stock has a market capitalization of $223.09, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 3.28 and a beta of 1.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.42 and a quick ratio of 1.41.

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About Lawson Products

Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.

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Earnings History and Estimates for Lawson Products (NASDAQ:LAWS)

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