Lakeland Industries (LAKE) Releases Earnings Results, Misses Expectations By $-0.16 EPS

Lakeland Industries (LAKE) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $-0.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $0.15. The company posted revenue of $20.47 million in the period, compared to analysts expectations of $22.65 million. The company’s revenue was down -19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 EPS.

Many Wall Street Analysts have commented on Lakeland Industries. Singular Research Initiated Lakeland Industries on Feb 10, 2016 to “Buy”, Price Target of the shares are set at $17.50.

Lakeland Industries opened for trading at $11.56 and hit $11.7299 on the upside on Monday, eventually ending the session at $11.67, with a gain of 0.34% or 0.04 points. The heightened volatility saw the trading volume jump to 17,628 shares. Company has a market cap of $85 M.

In a different news, on Apr 22, 2015, Christopher James Ryan (CEO) purchased 11,713 shares at $7.85 per share price. According to the SEC, on Feb 6, 2015, Alfred John Kreft (director) purchased 2,200 shares at $14.25 per share price. On Jan 26, 2015, Stephen M Bachelder (COO) purchased 4,100 shares at $5.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Lakeland Industries Inc. (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing high-end chemical protective suits firefighting flame resistant personal protective equipment (FR PPE) heat protective apparel reusable woven garments high visibility clothing and glove and sleeves. The Company’s products are sold by its in-house customer service group its regional sales managers and independent sales representatives to a network of approximately 1200 North American safety and mill supply distributors. These distributors in turn supply end user industrial customers such as integrated oil chemical/petrochemical utilities automobile steel glass construction smelting munition plants janitorial pharmaceutical mortuaries and high technology electronics manufacturers as well as scientific and medical laboratories.

Lakeland Industries

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