Lakeland Industries (NASDAQ:LAKE) issued its earnings results on Monday. The medical instruments supplier reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.16, Fidelity Earnings reports. The firm had revenue of $27.47 million for the quarter, compared to the consensus estimate of $25.62 million. Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%.
Shares of LAKE stock opened at $11.46 on Thursday. The stock’s fifty day moving average price is $10.72 and its two-hundred day moving average price is $11.45. The company has a market cap of $82.94 million, a PE ratio of 27.95 and a beta of 0.61. Lakeland Industries has a fifty-two week low of $9.70 and a fifty-two week high of $14.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.09 and a current ratio of 5.01.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Lakeland Industries from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday. ValuEngine raised Lakeland Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Roth Capital set a $15.00 target price on Lakeland Industries and gave the company a “buy” rating in a report on Tuesday.
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.
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