$0.19 EPS Expected for Lakeland Industries, Inc. (LAKE) This Quarter
Wall Street analysts expect Lakeland Industries, Inc. (NASDAQ:LAKE) to announce $0.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Lakeland Industries’ earnings, with estimates ranging from $0.16 to $0.21. Lakeland Industries reported earnings per share of $0.21 in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.5%. The company is scheduled to announce its next quarterly earnings report on Wednesday, December 13th.
On average, analysts expect that Lakeland Industries will report full year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.80 to $0.87. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.88 per share, with EPS estimates ranging from $0.85 to $0.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Lakeland Industries.
Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Lakeland Industries had a return on equity of 8.27% and a net margin of 6.65%. The business had revenue of $23.90 million during the quarter, compared to analysts’ expectations of $23.91 million. During the same quarter last year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.
A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. ValuEngine upgraded Lakeland Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Roth Capital initiated coverage on Lakeland Industries in a research report on Wednesday, August 23rd. They set a “buy” rating and a $18.00 price objective for the company.
A number of institutional investors and hedge funds have recently bought and sold shares of LAKE. Dimensional Fund Advisors LP grew its holdings in Lakeland Industries by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 425,343 shares of the medical instruments supplier’s stock valued at $4,572,000 after buying an additional 11,716 shares during the period. Renaissance Technologies LLC grew its holdings in Lakeland Industries by 2.2% in the 1st quarter. Renaissance Technologies LLC now owns 393,202 shares of the medical instruments supplier’s stock valued at $4,227,000 after buying an additional 8,400 shares during the period. HighTower Advisors LLC grew its holdings in Lakeland Industries by 12.4% in the 1st quarter. HighTower Advisors LLC now owns 40,997 shares of the medical instruments supplier’s stock valued at $443,000 after buying an additional 4,513 shares during the period. Goldman Sachs Group Inc. grew its holdings in Lakeland Industries by 54.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock valued at $210,000 after buying an additional 6,924 shares during the period. Finally, North Star Investment Management Corp. grew its holdings in Lakeland Industries by 196.6% in the 2nd quarter. North Star Investment Management Corp. now owns 24,000 shares of the medical instruments supplier’s stock valued at $348,000 after buying an additional 15,908 shares during the period. Institutional investors own 42.56% of the company’s stock.
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Shares of Lakeland Industries (NASDAQ LAKE) traded down $0.10 during mid-day trading on Monday, hitting $14.25. The stock had a trading volume of 34,812 shares, compared to its average volume of 62,461. Lakeland Industries has a twelve month low of $9.85 and a twelve month high of $17.18. The stock has a market capitalization of $114.06, a PE ratio of 17.32, a P/E/G ratio of 1.70 and a beta of -0.03. The company has a current ratio of 5.75, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03.
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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