Lakeland Industries (NASDAQ:LAKE) Announces Earnings Results, Misses Estimates By $0.61 EPS

Lakeland Industries (NASDAQ:LAKE) posted its quarterly earnings data on Wednesday. The medical instruments supplier reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61), Zacks reports. The firm had revenue of $38.51 million for the quarter, compared to analysts’ expectations of $41.10 million. Lakeland Industries had a net margin of 4.34% and a return on equity of 6.84%. During the same period in the prior year, the company posted $0.32 earnings per share. Lakeland Industries updated its FY 2025 guidance to EPS.

Lakeland Industries Stock Down 7.8 %

Shares of LAKE opened at $21.92 on Friday. Lakeland Industries has a 52 week low of $13.86 and a 52 week high of $26.10. The firm has a market capitalization of $161.73 million, a P/E ratio of 29.23 and a beta of 0.58. The company has a 50-day simple moving average of $23.23 and a 200-day simple moving average of $19.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.74 and a current ratio of 5.39.

Lakeland Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.12 annualized dividend and a yield of 0.55%. Lakeland Industries’s dividend payout ratio is 16.00%.

Wall Street Analysts Forecast Growth

LAKE has been the topic of several recent analyst reports. Roth Mkm boosted their target price on shares of Lakeland Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Maxim Group raised their price objective on Lakeland Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th.

Insider Buying and Selling

In other news, CEO James M. Jenkins acquired 2,085 shares of Lakeland Industries stock in a transaction on Monday, June 10th. The stock was bought at an average price of $23.98 per share, for a total transaction of $49,998.30. Following the transaction, the chief executive officer now owns 75,728 shares of the company’s stock, valued at $1,815,957.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 4.20% of the stock is owned by company insiders.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.