Lawson Products (NASDAQ:LAWS) Posts Earnings Results, Misses Estimates By $0.20 EPS
Lawson Products (NASDAQ:LAWS) announced its quarterly earnings results on Thursday. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20), MarketWatch Earnings reports. The firm had revenue of $72.15 million for the quarter, compared to the consensus estimate of $71.77 million. Lawson Products had a return on equity of 8.05% and a net margin of 4.31%.
NASDAQ:LAWS traded down $0.62 on Friday, hitting $29.88. 8,085 shares of the company’s stock were exchanged, compared to its average volume of 10,716. The firm has a 50-day moving average price of $31.30 and a 200-day moving average price of $35.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.99 and a quick ratio of 1.45. Lawson Products has a 52 week low of $24.52 and a 52 week high of $58.28. The company has a market cap of $268.81 million, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44.
Several equities research analysts recently commented on the stock. Barrington Research assumed coverage on shares of Lawson Products in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $44.00 price objective on the stock. BidaskClub raised shares of Lawson Products from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 22nd. TheStreet raised shares of Lawson Products from a “c” rating to a “b-” rating in a research report on Friday, May 1st. Finally, Zacks Investment Research cut shares of Lawson Products from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Lawson Products currently has a consensus rating of “Hold” and a consensus target price of $41.00.
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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