Lakeland Industries (NASDAQ:LAKE) Releases Earnings Results, Misses Expectations By $0.12 EPS

Lakeland Industries (NASDAQ:LAKE) issued its quarterly earnings results on Wednesday. The medical instruments supplier reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.12), Fidelity Earnings reports. Lakeland Industries had a return on equity of 26.63% and a net margin of 21.09%. During the same quarter in the previous year, the company earned $1.16 EPS.

Lakeland Industries stock traded down $3.55 during trading on Friday, reaching $20.35. The company had a trading volume of 10,164 shares, compared to its average volume of 226,847. Lakeland Industries has a 12-month low of $17.88 and a 12-month high of $47.95. The stock’s 50 day moving average price is $23.97 and its two-hundred day moving average price is $25.93. The firm has a market capitalization of $163.47 million, a price-to-earnings ratio of 5.25 and a beta of -0.05.

Separately, Zacks Investment Research downgraded shares of Lakeland Industries from a “buy” rating to a “hold” rating in a report on Wednesday, June 16th.

An institutional investor recently raised its position in Lakeland Industries stock. Morgan Stanley boosted its stake in Lakeland Industries, Inc. (NASDAQ:LAKE) by 433.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,731 shares of the medical instruments supplier’s stock after purchasing an additional 72,909 shares during the quarter. Morgan Stanley owned about 1.12% of Lakeland Industries worth $2,003,000 as of its most recent filing with the SEC. 57.66% of the stock is owned by institutional investors.

Lakeland Industries Company Profile

Lakeland Industries, Inc engages in the manufacture and sale of safety garments and accessories for the industrial and public protective clothing market. Its products include disposable protective clothing, chemical protective clothing, woven protective clothing, fire protective gear, heat protective clothing, reflective protective clothing, hand and arm protection, arc or fire retardant rated rainwear, and fire retardant protective clothing.

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Earnings History for Lakeland Industries (NASDAQ:LAKE)

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