Lawson Products (NASDAQ:LAWS) Announces Earnings Results
Lawson Products (NASDAQ:LAWS) issued its earnings results on Thursday. The industrial products company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.35), Morningstar.com reports. Lawson Products had a return on equity of 7.24% and a net margin of 2.00%. The business had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $95.28 million.
Lawson Products stock opened at $41.33 on Friday. The company’s 50-day moving average price is $36.70. The company has a market cap of $370.69 million, a P/E ratio of 33.33, a P/E/G ratio of 1.37 and a beta of 0.78. Lawson Products has a 52-week low of $26.00 and a 52-week high of $43.23. The company has a current ratio of 1.76, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11.
In other Lawson Products news, SVP Shane Mccarthy sold 2,478 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $36.18, for a total transaction of $89,654.04. Following the completion of the sale, the senior vice president now directly owns 1,852 shares in the company, valued at approximately $67,005.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew Jay Brown sold 1,636 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $38.93, for a total value of $63,689.48. The disclosure for this sale can be found here. Insiders own 51.90% of the company’s stock.
LAWS has been the subject of a number of recent analyst reports. Barrington Research set a $37.00 target price on Lawson Products and gave the stock a “buy” rating in a research report on Wednesday, April 17th. BidaskClub lowered ZIX from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 7th. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Saturday, July 13th. Finally, ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $39.00.
Lawson Products Company Profile
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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