$21.90 Million in Sales Expected for Lakeland Industries, Inc. (LAKE) This Quarter
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 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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