Wall Street brokerages expect Lawson Products, Inc. (NASDAQ:LAWS) to report $0.50 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lawson Products’ earnings. Lawson Products posted earnings of $0.35 per share in the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Lawson Products will report full-year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.46 to $1.60. For the next year, analysts anticipate that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.61 to $1.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Lawson Products.

Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, February 28th. The industrial products company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.12. Lawson Products had a net margin of 1.78% and a return on equity of 7.19%. The company had revenue of $86.27 million during the quarter, compared to analysts’ expectations of $86.01 million.

Several equities research analysts have recently weighed in on LAWS shares. TheStreet upgraded shares of Lawson Products from a “c+” rating to a “b” rating in a research report on Friday, March 1st. BidaskClub cut shares of Lawson Products from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Barrington Research reiterated an “outperform” rating and set a $37.00 price objective on shares of Lawson Products in a research report on Friday, March 8th. Finally, Zacks Investment Research upgraded shares of Lawson Products from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.00.

Shares of LAWS traded up $0.84 during trading hours on Monday, hitting $31.60. 62,844 shares of the stock were exchanged, compared to its average volume of 12,117. Lawson Products has a fifty-two week low of $21.00 and a fifty-two week high of $36.90. The company has a quick ratio of 0.82, a current ratio of 1.61 and a debt-to-equity ratio of 0.05. The stock has a market cap of $283.20 million, a PE ratio of 40.00, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00.

In other news, major shareholder King Luther Capital Management acquired 37,707 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was bought at an average cost of $32.00 per share, for a total transaction of $1,206,624.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 51.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Lawson Products by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 590,919 shares of the industrial products company’s stock worth $20,032,000 after purchasing an additional 6,528 shares during the period. BlackRock Inc. grew its holdings in Lawson Products by 0.4% in the fourth quarter. BlackRock Inc. now owns 510,714 shares of the industrial products company’s stock worth $16,140,000 after purchasing an additional 2,062 shares during the period. Vanguard Group Inc grew its holdings in Lawson Products by 1.3% in the third quarter. Vanguard Group Inc now owns 229,154 shares of the industrial products company’s stock worth $7,768,000 after purchasing an additional 2,905 shares during the period. Vanguard Group Inc. grew its holdings in Lawson Products by 1.3% in the third quarter. Vanguard Group Inc. now owns 229,154 shares of the industrial products company’s stock worth $7,768,000 after purchasing an additional 2,905 shares during the period. Finally, Royce & Associates LP grew its holdings in Lawson Products by 26.6% in the fourth quarter. Royce & Associates LP now owns 68,000 shares of the industrial products company’s stock worth $2,149,000 after purchasing an additional 14,299 shares during the period. Institutional investors and hedge funds own 66.90% of the company’s stock.

About Lawson Products

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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