Equities analysts predict that Lawson Products, Inc. (NASDAQ:LAWS) will report $89.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Lawson Products’ earnings. The highest sales estimate is $90.50 million and the lowest is $88.58 million. Lawson Products reported sales of $75.65 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.4%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that Lawson Products will report full year sales of $350.13 million for the current fiscal year, with estimates ranging from $348.25 million to $352.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $363.79 million, with estimates ranging from $362.80 million to $364.78 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Lawson Products.

Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.12. Lawson Products had a net margin of 7.85% and a return on equity of 7.01%. The company had revenue of $90.38 million for the quarter, compared to the consensus estimate of $87.01 million.

A number of research firms have recently issued reports on LAWS. BidaskClub downgraded shares of Lawson Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. TheStreet upgraded shares of Lawson Products from a “c+” rating to a “b-” rating in a report on Friday, August 10th. Zacks Investment Research upgraded shares of Lawson Products from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Thursday, August 2nd. Barrington Research reiterated an “outperform” rating and issued a $35.00 price objective on shares of Lawson Products in a report on Tuesday, July 31st. Finally, ValuEngine upgraded shares of Lawson Products from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $33.00.

Shares of NASDAQ LAWS traded down $1.48 during midday trading on Friday, reaching $29.97. The company’s stock had a trading volume of 7,400 shares, compared to its average volume of 12,642. The company has a quick ratio of 0.89, a current ratio of 1.74 and a debt-to-equity ratio of 0.06. Lawson Products has a fifty-two week low of $21.00 and a fifty-two week high of $36.90. The company has a market capitalization of $302.34 million, a PE ratio of 58.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.46.

A number of institutional investors and hedge funds have recently modified their holdings of LAWS. Schwab Charles Investment Management Inc. increased its holdings in Lawson Products by 27.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 18,300 shares of the industrial products company’s stock worth $463,000 after buying an additional 3,900 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Lawson Products by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 575,673 shares of the industrial products company’s stock worth $14,536,000 after buying an additional 4,016 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Lawson Products by 1,634.9% during the first quarter. The Manufacturers Life Insurance Company now owns 6,072 shares of the industrial products company’s stock worth $153,000 after buying an additional 5,722 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Lawson Products by 49.9% during the second quarter. Acadian Asset Management LLC now owns 17,221 shares of the industrial products company’s stock worth $419,000 after buying an additional 5,733 shares during the last quarter. Finally, Ramsey Quantitative Systems increased its holdings in Lawson Products by 102.7% during the second quarter. Ramsey Quantitative Systems now owns 8,716 shares of the industrial products company’s stock worth $212,000 after buying an additional 4,416 shares during the last quarter. Institutional investors and hedge funds own 66.18% of the company’s stock.

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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