Roth Capital Brokers Lower Earnings Estimates for LAKE

Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) - Equities research analysts at Roth Capital cut their Q3 2026 EPS estimates for shares of Lakeland Industries in a report released on Tuesday, June 10th. Roth Capital analyst G. Sweeney now forecasts that the medical instruments supplier will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.36. The consensus estimate for Lakeland Industries' current full-year earnings is $0.48 per share. Roth Capital also issued estimates for Lakeland Industries' Q4 2026 earnings at $0.37 EPS.

Several other analysts have also commented on LAKE. Wall Street Zen raised shares of Lakeland Industries to a "sell" rating in a research report on Wednesday, May 7th. Lake Street Capital set a $26.00 target price on shares of Lakeland Industries and gave the company a "buy" rating in a report on Tuesday. Finally, DA Davidson dropped their target price on shares of Lakeland Industries from $28.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 15th.

Lakeland Industries Trading Down 9.3%

Shares of LAKE stock traded down $1.42 during trading on Wednesday, hitting $13.92. 278,987 shares of the stock traded hands, compared to its average volume of 74,945. The firm has a market capitalization of $132.39 million, a P/E ratio of -154.67 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. The firm's fifty day moving average price is $17.26 and its 200-day moving average price is $20.90. Lakeland Industries has a 52-week low of $13.92 and a 52-week high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its quarterly earnings results on Monday, June 9th. The medical instruments supplier reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.68). The firm had revenue of $46.75 million for the quarter, compared to analysts' expectations of $48.84 million. Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. During the same period in the previous year, the firm posted $0.22 EPS.

Institutional Trading of Lakeland Industries

Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new position in shares of Lakeland Industries in the fourth quarter worth $36,000. Russell Investments Group Ltd. acquired a new position in shares of Lakeland Industries in the fourth quarter worth $160,000. Bank of America Corp DE grew its stake in shares of Lakeland Industries by 114.1% in the fourth quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier's stock worth $196,000 after acquiring an additional 4,081 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Lakeland Industries in the first quarter worth $164,000. Finally, Metis Global Partners LLC acquired a new position in shares of Lakeland Industries in the fourth quarter worth $207,000. Institutional investors and hedge funds own 71.69% of the company's stock.

Lakeland Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.12 annualized dividend and a yield of 0.86%. Lakeland Industries's dividend payout ratio (DPR) is presently -3.99%.

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.