Earnings results for Lakeland Industries (NASDAQ:LAKE)
Lakeland Industries, Inc. is expected* to report earnings on 09/09/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.53. The reported EPS for the same quarter last year was $0.17.
Lakeland Industries last issued its quarterly earnings results on June 9th, 2020. The medical instruments supplier reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.91. The business earned $45.58 million during the quarter, compared to analyst estimates of $27.40 million. Lakeland Industries has generated $0.45 earnings per share over the last year and currently has a price-to-earnings ratio of 14.2. Lakeland Industries has confirmed that its next quarterly earnings report will be published on Wednesday, September 9th, 2020.
Analyst Opinion on Lakeland Industries (NASDAQ:LAKE)
3 Wall Street analysts have issued ratings and price targets for Lakeland Industries in the last 12 months. Their average twelve-month price target is $28.33, predicting that the stock has a possible upside of 30.39%. The high price target for LAKE is $31.00 and the low price target for LAKE is $24.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Lakeland Industries has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $28.33, Lakeland Industries has a forecasted upside of 30.4% from its current price of $21.73. Lakeland Industries has received no research coverage in the past 90 days.
Dividend Strength: Lakeland Industries (NASDAQ:LAKE)
Lakeland Industries does not currently pay a dividend. Lakeland Industries does not have a long track record of dividend growth.
Insiders buying/selling: Lakeland Industries (NASDAQ:LAKE)
In the past three months, Lakeland Industries insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,630,620.00 in company stock. Only 4.90% of the stock of Lakeland Industries is held by insiders. 69.27% of the stock of Lakeland Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Lakeland Industries (NASDAQ:LAKE
Earnings for Lakeland Industries are expected to decrease by -51.07% in the coming year, from $2.33 to $1.14 per share. The P/E ratio of Lakeland Industries is 14.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.37. The P/E ratio of Lakeland Industries is 14.20, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.20. Lakeland Industries has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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