Lakeland Industries (NASDAQ:LAKE) Announces Earnings Results, Misses Expectations By $0.97 EPS

Lakeland Industries (NASDAQ:LAKE - Get Free Report) released its quarterly earnings results on Wednesday. The medical instruments supplier reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.97), Zacks reports. The business had revenue of $46.60 million during the quarter, compared to analyst estimates of $47.10 million. Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Lakeland Industries updated its FY 2026 guidance to EPS.

Lakeland Industries Trading Up 2.0 %

NASDAQ:LAKE traded up $0.31 during mid-day trading on Friday, hitting $16.03. 130,076 shares of the company's stock were exchanged, compared to its average volume of 60,407. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. Lakeland Industries has a fifty-two week low of $15.10 and a fifty-two week high of $27.28. The company has a 50 day simple moving average of $21.06 and a 200-day simple moving average of $21.85. The firm has a market capitalization of $152.27 million, a P/E ratio of -178.11 and a beta of 0.86.

Lakeland Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 17th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. Lakeland Industries's dividend payout ratio (DPR) is presently -5.04%.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on LAKE. DA Davidson began coverage on Lakeland Industries in a research note on Wednesday, March 26th. They set a "buy" rating and a $28.00 target price for the company. Lake Street Capital started coverage on Lakeland Industries in a research report on Tuesday, March 11th. They set a "buy" rating and a $30.00 price objective for the company. Finally, Roth Mkm boosted their target price on Lakeland Industries from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lakeland Industries has an average rating of "Moderate Buy" and a consensus target price of $28.25.

Insider Activity

In related news, COO An Hui acquired 2,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average cost of $22.00 per share, for a total transaction of $44,000.00. Following the completion of the transaction, the chief operating officer now directly owns 53,912 shares of the company's stock, valued at $1,186,064. The trade was a 3.85 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laurel A. Yartz purchased 2,272 shares of the stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $22.00 per share, with a total value of $49,984.00. Following the acquisition, the insider now owns 9,772 shares in the company, valued at approximately $214,984. The trade was a 30.29 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 7,998 shares of company stock valued at $177,186. Insiders own 4.20% of the company's stock.

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.