Brokerages expect that Lakeland Industries, Inc. (NASDAQ:LAKE) will post $21.90 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Lakeland Industries’ earnings, with the lowest sales estimate coming in at $21.64 million and the highest estimate coming in at $22.15 million. Lakeland Industries posted sales of $20.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The firm is expected to issue its next earnings results on Wednesday, April 25th.

On average, analysts expect that Lakeland Industries will report full-year sales of $21.90 million for the current year, with estimates ranging from $92.98 million to $94.22 million. For the next fiscal year, analysts anticipate that the company will post sales of $98.12 million per share, with estimates ranging from $98.10 million to $98.13 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Lakeland Industries.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Friday, December 15th. The medical instruments supplier reported $0.23 EPS for the quarter, topping the Zacks’ 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 business had revenue of $23.96 million during the quarter, compared to the consensus estimate of $25.06 million.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, February 8th. TheStreet downgraded shares of Lakeland Industries from a “b” rating to a “c+” rating in a report on Friday, December 15th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in shares of Lakeland Industries by 1.2% during the fourth quarter. Renaissance Technologies LLC now owns 589,502 shares of the medical instruments supplier’s stock valued at $8,577,000 after acquiring an additional 7,200 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Lakeland Industries during the fourth quarter valued at about $109,000. Bank of New York Mellon Corp acquired a new position in shares of Lakeland Industries during the fourth quarter valued at about $414,000. Wells Fargo & Company MN increased its holdings in shares of Lakeland Industries by 79.6% during the fourth quarter. Wells Fargo & Company MN now owns 139,054 shares of the medical instruments supplier’s stock valued at $2,023,000 after acquiring an additional 61,634 shares in the last quarter. Finally, Bailard Inc. acquired a new position in shares of Lakeland Industries during the fourth quarter valued at about $695,000. Hedge funds and other institutional investors own 54.40% of the company’s stock.

Lakeland Industries (NASDAQ LAKE) traded up $0.20 on Friday, hitting $13.00. 25,600 shares of the stock traded hands, compared to its average volume of 38,191. Lakeland Industries has a 12-month low of $9.85 and a 12-month high of $17.18. The company has a current ratio of 6.43, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $103.89, a P/E ratio of 15.48, a P/E/G ratio of 1.42 and a beta of -0.17.

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Lakeland Industries Company Profile

Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.

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