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

Lakeland Industries (NASDAQ:LAKE) posted its earnings results on Wednesday. The medical instruments supplier reported ($0.19) earnings per share 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 the consensus estimate of $41.10 million. Lakeland Industries had a return on equity of 6.84% and a net margin of 4.34%. During the same period last year, the company posted $0.32 EPS. Lakeland Industries updated its FY 2025 guidance to EPS.

Lakeland Industries Price Performance

Shares of NASDAQ:LAKE traded down $0.06 during trading on Friday, reaching $21.86. The company had a trading volume of 695 shares, compared to its average volume of 35,750. The company has a fifty day moving average of $23.23 and a two-hundred day moving average of $19.90. The stock has a market capitalization of $161.28 million, a P/E ratio of 29.23 and a beta of 0.58. Lakeland Industries has a 12 month low of $13.86 and a 12 month high of $26.10. The company has a current ratio of 5.39, a quick ratio of 2.74 and a debt-to-equity ratio of 0.10.

Lakeland Industries Announces Dividend

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

Analysts Set New Price Targets

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

Insider Transactions at Lakeland Industries

In related news, CEO James M. Jenkins purchased 2,085 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $23.98 per share, with a total value of $49,998.30. Following the acquisition, the chief executive officer now directly owns 75,728 shares of the company’s stock, valued at $1,815,957.44. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.20% of the company’s stock.

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.