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

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

Lakeland Industries Stock Performance

Shares of LAKE opened at $21.92 on Friday. 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 debt-to-equity ratio of 0.10, a current ratio of 5.39 and a quick ratio of 2.74. Lakeland Industries has a one year low of $13.86 and a one year high of $26.10. The business has a fifty day moving average of $23.23 and a 200 day moving average of $19.90.

Lakeland Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on LAKE shares. Maxim Group lifted their target price on Lakeland Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Roth Mkm boosted their target price on Lakeland Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd.

Insider Buying and Selling at Lakeland Industries

In other news, CEO James M. Jenkins purchased 2,085 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $23.98 per share, for a total transaction of $49,998.30. Following the purchase, the chief executive officer now directly owns 75,728 shares in the company, valued at approximately $1,815,957.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by corporate insiders.

About Lakeland Industries

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.