Lakeland Industries (LAKE) Receives Media Sentiment Rating of 0.12
Media coverage about Lakeland Industries (NASDAQ:LAKE) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lakeland Industries earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news coverage about the medical instruments supplier an impact score of 45.3226870987196 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
LAKE has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, September 27th. ValuEngine upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Roth Capital initiated coverage on shares of Lakeland Industries in a research report on Wednesday, August 23rd. They set a “buy” rating and a $18.00 target price for the company.
Shares of Lakeland Industries (NASDAQ:LAKE) opened at $14.65 on Friday. The company has a market cap of $117.67, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.75 and a beta of -0.11. Lakeland Industries has a 1 year low of $9.85 and a 1 year high of $17.18. 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 (NASDAQ:LAKE) last announced its quarterly earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Lakeland Industries had a net margin of 6.65% and a return on equity of 8.27%. The company had revenue of $23.90 million during the quarter, compared to analyst estimates of $23.91 million. During the same quarter in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. equities research analysts forecast that Lakeland Industries will post 0.84 earnings per share for the current fiscal year.
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About Lakeland Industries
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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