Lakeland Industries (NASDAQ:LAKE) Stock, Quote.Headers.trade-ideas

Lakeland Industries

Lakeland Industries Inc manufactures and sells safety garments and accessories for the industrial protective clothing market. Its product segments include Disposables, Chemicals, Fire, Gloves, High Visibility, High-Performance Wear, and Wovens. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and mortuaries, as well as scientific and medical laboratories. Its geographical segments include the United States, Latin America, Canada, Asia, Mexico, Europe (United Kingdom), and Other Foreign.

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NSSC

Napco (NASDAQ: NSSC) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.

Napco Q4 Earnings Lag Estimates

Most of us have heard the dictum &#34;the trend is your friend.&#34; And this is undeniably the key to success when it comes to short-term investing or trading. But it isn&#39;t easy to ensure the sustainability of a trend and profit from it.

Lakeland Industries is on the Move, Here&#39;s Why the Trend Could be Sustainable

Goldman Sachs offices

Pre-Market Outlook

Goldman Sachs, BlackRock And 3 Stocks To Watch Heading Into Monday

Lakeland Industries Inc

LAKESHORE ACQUISITION II CORP USD RED WTS

LAKESHORE ACQUISITION II CORP USD RTS

LAKESHORE ACQUISITION II CORP USD UNITS CONSISTING ONE ORD SH OF $0.0001 PAR VALUE &

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Lake Resources NL

LAKE RIDGE BANCORP INC by Lake Ridge Bancorp Inc.

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LAKE WINN RESOURCES CORP by Lake Winn Resources Corp

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LakeShore Biopharma Co Ltd

LakeShore Biopharma Co., Ltd - Ordinary Shares

Lakeland Bancorp, Inc. Com

Lakeland Financial Corporation - Common Stock

Lakeland Financial Corp

LAKES BLUE ENERGY NL by LAKES BLUE ENERGY NL

Lakes Blue Energy NL

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LAKESIDE BANCSHARES INC by Lakeside Bancshares Inc LA

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Lakeside Holding Ltd

Lakeview Acquisition Corporation

Guidance

Lakeland Industries Sees FY 2025 Revenue $160M - $170M Vs $165.65M Est.; Sees Adj. EBITDA Excl. FX $18M - $21.5M

Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) reported quarterly losses of $(0.19) per share which missed the analyst consensus estimate of $0.35 by 154.29 percent. The company reported quarterly sales of $38.50 million which missed the analyst consensus estimate of $39.90 million by 3.51 percent. This is a 16.42 percent increase over sales of $33.07 million the same period last year.

Lakeland Industries Q2 2025 GAAP EPS $(0.19) Misses $0.35 Estimate, Sales $38.50M Miss $39.90M Estimate

Napco (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nssc#NASDAQ">NSSC</a>) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.70%. A quarter ago, it was expected that this security products and software company would post earnings of $0.34 per share when it actually produced earnings of $0.36, delivering a surprise of 5.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Napco, which belongs to the Zacks Security and Safety Services industry, posted revenues of $50.33 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.30%. This compares to year-ago revenues of $44.66 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Napco shares have added about 62% since the beginning of the year versus the S&amp;P 500&#39;s gain of 18.1%.
<h2>What&#39;s Next for Napco?</h2>
While Napco has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Napco: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.36 on $47.87 million in revenues for the coming quarter and $1.63 on $213.16 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Security and Safety Services is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Lakeland Industries (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lake#NASDAQ">LAKE</a>), has yet to report results for the quarter ended July 2024. The results are expected to be released on September 4.
This safety garments manufacturer is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +31.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Lakeland Industries&#39; revenues are expected to be $41.1 million, up 24.3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2326805/napco-nssc-q4-earnings-lag-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2326805">To read this article on Zacks.com click here.</a>

Most of us have heard the dictum &quot;the trend is your friend.&quot; And this is undeniably the key to success when it comes to short-term investing or trading. But it isn&#39;t easy to ensure the sustainability of a trend and profit from it.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
<h2>Lakeland Industries</h2>
Lakeland Industries&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lake#NASDAQ">LAKE</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. LAKE is quite a good fit in this regard, gaining 31.2% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 1.3% over the past four weeks ensures that the trend is still in place for the stock of this safety garments manufacturer.
Moreover, LAKE is currently trading at 83% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in LAKE may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2319828/lakeland-industries-lake-is-on-the-move-here-s-why-the-trend-could-be-sustainable?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2319828">To read this article on Zacks.com click here.</a>

Lakeland Industries is on the Move, Here's Why the Trend Could be Sustainable

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) to report quarterly earnings at $8.34 per share on revenue of $12.46 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Goldman Sachs shares gained 0.1% to close at $479.88 on Friday.</li>
<li>The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) raised its quarterly dividend from $1.06 to $1.08 per share. Smucker shares rose 0.02% to $113.18 in the after-hours trading session.</li>
<li>Analysts are expecting BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) to post quarterly earnings at $9.95 per share on revenue of $4.85 billion. The company will release earnings before the markets open. BlackRock shares fell 0.1% to $827.50 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Lakeland Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) filed for a mixed shelf offering of up to $100 million. Lakeland Industries shares fell 1.5% to $22.60 in the after-hours trading session.</li>
<li>Analysts expect FB Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) to post quarterly earnings at 76 cents per share on revenue of $123.54 million after the closing bell. FB Financial shares fell 1.5% to $40.97 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39748049/how-to-earn-500-a-month-from-bank-of-america-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Bank of America Stock Ahead Of Q2 Earnings</a></li>
</ul>

Lakeland Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, announced today that it has filed a shelf registration statement on Form S-3 (the "Shelf Registration") with the Securities and Exchange Commission (the "SEC").
The Shelf Registration permits the Company to offer and sell its common stock, preferred stock, debt securities, warrants, rights and units, from time to time, subject to market conditions and the Company's capital needs. The Company has no immediate plans to offer or sell any securities under this Shelf Registration to the public. However, the Company felt it was prudent to include this optionality as a matter of standard corporate governance to respond to future financing and business opportunities.

Offerings

Lakeland Industries Files For Mixed Shelf Offering Of Up To $100M

Roth MKM analyst Gerry Sweeney maintains Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) with a Buy and raises the price target from $25 to $27.

Price Target

Roth MKM Maintains Buy on Lakeland Industries, Raises Price Target to $27

Maxim Group analyst Matthew Galinko maintains Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) with a Buy and raises the price target from $22 to $26.

Maxim Group Maintains Buy on Lakeland Industries, Raises Price Target to $26

<h3>Gainers</h3>
<ul>
<li>Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) stock rose 20.2% to $3.21 during Wednesday's pre-market session. The market value of their outstanding shares is at $385.7 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Hanesbrands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) stock rose 10.69% to $5.59. The company's market cap stands at $1.9 billion. </li>
<li>Dream Finders Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFH#NYSE">DFH</a>) shares rose 9.36% to $28.97. The market value of their outstanding shares is at $2.7 billion. </li>
<li>Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) stock increased by 7.74% to $20.31. The company's market cap stands at $149.8 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Yoshiharu Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YOSH#NASDAQ">YOSH</a>) stock moved upwards by 7.11% to $4.7. The market value of their outstanding shares is at $6.2 million. </li>
<li>Kidpik (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) stock increased by 6.62% to $3.48. The company's market cap stands at $6.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sportsman's Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) stock declined by 11.3% to $3.39 during Wednesday's pre-market session. The market value of their outstanding shares is at $127.5 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) stock decreased by 9.49% to $0.21. The market value of their outstanding shares is at $4.7 million. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares decreased by 7.79% to $3.67. The market value of their outstanding shares is at $12.6 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock declined by 7.65% to $0.21. The market value of their outstanding shares is at $10.7 million. </li>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares decreased by 6.23% to $0.39. The market value of their outstanding shares is at $20.7 million. </li>
<li>Yoshitsu Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) shares decreased by 5.7% to $0.23. The company's market cap stands at $9.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BNED

GDHG

SFIX

SPWH

TKLF

YOSH

12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

This Revenue expectation includes the recently announced Jolly Scarpe and Pacific Helmets acquisitions but does not include the LHD fire and rescue business, which it expects to close in June 2024.

Lakeland Industries Raises FY25 Revenue Outlook From $140M-$150M To $150M-$155M, Est $144.60M

Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.38 by 42.11 percent. This is a 22.22 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $36.309 million which beat the analyst consensus estimate of $32.450 million by 11.89 percent. This is a 26.51 percent increase over sales of $28.700 million the same period last year.

Earnings Beats

Lakeland Industries Q1 2025 GAAP EPS $0.22 Misses $0.38 Estimate, Sales $36.309M Beat $32.450M Estimate

Investment in stocks after analyzing valuation metrics is considered one of the best practices. When considering valuation metrics, the price-to-earnings ratio has always been the obvious choice. This is because calculations based on earnings are easy and come in handy. However, the price-to-sales ratio is convenient for determining the value of stocks that are incurring losses or in an early development cycle, generating meager or no profit.
<h3>What&#39;s the Price-to-Sales Ratio?</h3>
While a loss-making company with a negative price-to-earnings ratio falls out of investor favor, its price-to-sales can indicate the hidden strength of the business. This underrated ratio is also used to identify a recovery situation or ensure a company&#39;s growth is not overvalued. 
A stock&#39;s price-to-sales ratio reflects how much investors pay for each dollar of revenue generated by a company. 
If the price-to-sales ratio is 1, investors are paying $1 for every $1 of revenues generated by the company. A stock with a price-to-sales below 1 is a good bargain as investors need to pay less than a dollar for a dollar&#39;s worth. &nbsp; 
Thus, a stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio. 
The price-to-sales ratio is often preferred over price-to-earnings, as companies can manipulate their earnings using various accounting measures. However, sales are harder to manipulate and are relatively reliable. 
However, one should keep in mind that a company with a high debt and a low price-to-sales ratio is not an ideal choice. The high debt level will have to be paid off at some point, leading to further share issuance, a rise in market cap, and, ultimately, a higher price-to-sales ratio. 
In any case, the price-to-sales ratio used in isolation cannot do the trick. One should analyze other ratios like Price/Earnings, Price/Book and Debt/Equity before arriving at any investment decision. 
Lakeland Industries (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lake#NASDAQ">LAKE</a>), The ODP Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odp#NASDAQ">ODP</a>), ProPetro Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pump#NYSE">PUMP</a>), Barrett Business Services (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbsi#NASDAQ">BBSI</a>) and JAKKS Pacific (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jakk#NASDAQ">JAKK</a>) are some companies with a low price-to-sales ratio and the potential to offer higher returns.
<h3>Screening Parameters</h3>
Price to Sales less than the Median Price to Sales for its Industry: The lower the price-to-sales ratio, the better. 
Price to Earnings using F(1) estimate less than the Median Price to Earnings for its Industry: The lower, the better. 
Price to Book (common Equity) less than the Median Price to Book for its Industry: This is another parameter to ensure the value feature of a stock. 
Debt to Equity (Most Recent) less than the Median Debt to Equity for its Industry: A company with less debt should have a stable price-to-sales ratio. 
Current Price greater than or equal to $5: The stocks must be trading at a minimum of $5 or higher. 
Zacks Rank less than or equal to #2 (Buy): Zacks Rank #1 (Strong Buy) or 2 stocks are known to outperform, irrespective of the market environment. 
Value Score less than or equal to B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best opportunities in the value investing space. 
Here are five of the 17 stocks that qualified the screening: 
Lakeland Industries operates as a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels. LAKE&#39;s focus on high-value products and market diversification, particularly in the fire service and industrial product lines, has been aiding its performance. 
The company has been committed to its strategic acquisition pipeline and is focused on organic growth for the remainder of fiscal 2024. LAKE has a Value Score of A and currently sports a Zacks Rank #1. 
ODP Corp is a provider of business services, products and digital workplace technology solutions to businesses and consumers. The company is on track with Project CORE, its business optimization initiative that facilitates enhancing its position to continue delivering shareholder value. The powerful combination of the company&#39;s business unit structure and approach to operational excellence are likely to drive efficiencies in its business, creating greater flexibility while navigating challenging macroeconomic conditions. 
ODP stands to gain from the momentum in the supply-chain business, driven by its focus on expanding market presence and continued traction with new third-party customers. ODP Corp currently has a Value Score of A and a Zacks Rank #2. 
Midland, TX-based ProPetro is an oilfield service provider operating primarily in the Permian Basin spread over west Texas and New Mexico. The company focuses on growth through a combination of acquisitions and pressure pumping services in the lucrative Permian Basin. Its purchase of Pioneer Natural Resources assets has significantly boosted its fleet size. The deal&#39;s 10-year dedicated service agreement should ensure a stable revenue base in the medium to long term. 
ProPetro, through its leverage to the Permian Basin, is likely to benefit from this multi-year upcycle by providing hydraulic fracturing and other well-completion services to the E&amp;P firms. The company&#39;s strong relationships with high-quality customers provide revenue visibility and business certainty. It is also set to benefit from a debt-light balance sheet, which provides a potential lifeline amid a challenging operating environment. PUMP currently has a Zacks Rank #2 and a Value Score of A. 
Barrett provides business management solutions for small and mid-sized companies in the United States. The company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. 
The company has been gaining from an expanding client base and the ongoing rollout of BBSI Benefits. Additionally, Barrett has been witnessing positive results in its pricing and cost-management strategies, leading to strong, sustainable earnings growth. BBSI currently has a Value Score of A and a Zacks Rank #2. 
Based in Malibu, CA, JAKKS Pacific is a multi-brand company that has been designing and marketing a broad range of toys and consumer products. The company is benefiting from the FOB business model, strategic acquisitions, a solid international footprint, a focus on innovation, and collaborations with popular brands and movie franchisees. The emphasis on the expansion of retail reach bodes well. 
JAKK has emerged as a diversified consumer products company, buoyed by a string of acquisitions over the past several years. The company realized the importance of online retailing and shifted its focus to boosting online sales. JAKK has a Value Score of A and currently flaunts a Zacks Rank #1. 
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. 
The Research Wizard is a great place to begin. It&#39;s easy to use. Everything is in plain language. And it&#39;s very intuitive. Start your trial to the Research Wizard today. And the next time you read an economic report, open up the Research Wizard, plug your finds in and see what gems come out. 
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. 
Disclosure: Performance information for Zacks&#39; portfolios and strategies are available at: https://www.zacks.com/performance.
<a href="https://www.zacks.com/stock/news/2277325/5-low-price-to-sales-stocks-to-make-a-profitable-portfolio?cid=CS-BENZ-FT-analyst_blog|rw-2277325">To read this article on Zacks.com click here.</a>

BBSI

JAKK

PUMP

5 Low Price-to-Sales Stocks to Make a Profitable Portfolio

He had held the role of Executive Chairman of Lakeland since August 2023 and previously held the position of Acting CEO since February 1, 2024, stepping into this role following the departure of Charles D. Roberson, the company&#39;s previous CEO. Before this, he served as the Chairman of the Board from February 1, 2023, through August 2023 and as a director since 2016 and from 2012 to 2015.&nbsp;

Management

Lakeland Industries Names James M. Jenkins As New President And CEO, Effective June 1, 2024; Jenkins To Remain As Executive Chairman, And Tom Mcateer As Lead Independent Director

Maxim Group analyst Matthew Galinko initiates coverage on Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) with a Buy rating and announces Price Target of $22.

Initiation

Maxim Group Initiates Coverage On Lakeland Industries with Buy Rating, Announces Price Target of $22

Lakeland Industries Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) reported fourth-quarter FY24 sales growth of 7.7% year-on-year to $31.20 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/ac38195098/lakeland-industries-inc-reports-fiscal-2024-fourth-quarter-financial-and-full-year-financial-resu" rel="noreferrer noopener">missing the analyst consensus estimate of $32.50 million</a>.
Gross profit was $11.2 million for the quarter, an increase of 3.2% Y/Y. Gross margin compressed to 35.9% from 37.5% last year. Excluding a one-time charge for inventory right-sizing, the gross margin would have been 44.6%.
Lakeland reported an operating loss of ($3.3) million compared to a profit of $0.1 million last year.
Adjusted EBITDA excluding FX losses was $3.4 million compared to $1.9 million last year with a margin of 11.0% compared to 6.7% last year.
EPS of $(0.13) missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.30.</a>
Lakeland held $25.2 million in cash and equivalents as of January 31, 2024.
&#8220;Our positive performance further strengthens the Company&#8217;s financial position, particularly our robust balance sheet and cash position, which we believe will allow us to continue pursuing organic and inorganic growth opportunities,&#8221; said CFO Roger Shannon.
Outlook: Lakeland sees FY25 revenue of $140 million &#8211; $150 million versus $138.9 million estimate.
The company expects an adjusted EBITDA, excluding any material negative impact from foreign exchange, of $16.8 million &#8211; $18.5 million.
Price Action: LAKE shares closed higher by 1.44% at $17.67 on Wednesday.

Equities

General

Lakeland Industries Posts Q4 Earnings Below Street View: Details

FY 2025 Guidance and Outlook 
This initial guidance is based on our current backlog of orders and current expectations. These metrics constitute forward-looking statements and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these metrics, see &quot;&#39;Safe Harbor&#39; Statement Under the Private Securities Litigation Reform Act of 1995&quot; below.
<ul>
<li>Revenue&nbsp;- We expect FY25 Revenue in the range of $140 million to $150 million. This Revenue expectation includes the recently announced Jolly Scarpe and Pacific Helmets acquisitions but does not include the LHD fire and rescue business, which we expect to close in late May 2024.</li>
<li>Adjusted EBITDA&nbsp;- We expect FY25 Adjusted EBITDA, excluding any material negative impact from foreign exchange, to be in the range of $16.8 million to $18.5 million(1). This Adjusted EBITDA expectation includes the recently announced Jolly Scarpe and Pacific Helmets acquisitions but does not include the LHD fire and rescue business, which we expect to close in late May 2024.</li>
</ul>

Lakeland Industries Expects Fiscal 2025 Revenue Of $140M-$150M Vs. $138.9M Consensus; Sees Adjusted EBITDA In Range Of $16.8M-$18.5M

Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) reported quarterly losses of $(0.13) per share which missed the analyst consensus estimate of $0.30 by 143.33 percent. This is a 750 percent decrease over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $31.20 million which missed the analyst consensus estimate of $32.50 million by 4.00 percent. This is a 7.59 percent increase over sales of $29.00 million the same period last year.

Lakeland Industries Q4 EPS $(0.13) Down From $0.02 YoY, Sales $31.20M Miss $32.50M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $12.55 billion.
&bull; Altamira Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTO#NASDAQ">CYTO</a>) is estimated to report earnings for its Fiscal Year 2023.
&bull; Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $20.10 million.
&bull; Theratechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $20.10 million.
&bull; Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $114.70 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) is projected to report quarterly loss at $6.25 per share on revenue of $74.17 million.
&bull; Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $56.00 million.
&bull; Pure Cycle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>) is projected to report earnings for its second quarter.
&bull; Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $32.50 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CYTO

PCYO

RELL

RENT

ROOT

THTX

Earnings Scheduled For April 10, 2024

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Delta Air Lines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) to report quarterly earnings at 36 cents per share on revenue of $12.57 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Delta Air shares gained 0.3% to $47.46 in after-hours trading.
PriceSmart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psmt#NASDAQ">PSMT</a>) posted better-than-expected earnings for its second quarter. The company reported quarterly earnings of $1.31 per share, beating market estimates of $1.25 per share. PriceSmart shares climbed 4.7% to $87.01 in the after-hours trading session.
Analysts are expecting Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>) to post quarterly earnings at 2 cents per share on revenue of $56.00 million. The company will release earnings after the markets close. Richardson Electronics shares gained 1.5% to close at $9.35 on Tuesday.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Smart Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgh#NASDAQ">SGH</a>) posted better-than-expected results for its second quarter. The company saw third-quarter earnings of 30 cents per share, plus or minus 15 cents, versus the 28 cent estimate. The company expects third-quarter revenue of $300 million, plus or minus $25 million, versus the $307.864 million estimate. Smart Global shares dipped 7.4% to $24.01 in the after-hours trading session.
Analysts expect Lakeland Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lake#NASDAQ">LAKE</a>) to post quarterly earnings at 30 cents per share on revenue of $32.50 million after the closing bell. In after-hours trading, Lakeland Industries shares rose 2.8% to $17.90.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38166239/carmax-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call"> CarMax Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

PSMT

Delta Air Lines, PriceSmart And 3 Stocks To Watch Heading Into Wednesday

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the &quot;Greed&quot; zone on Tuesday.
U.S. stocks closed mixed on Tuesday, with the Dow Jones index settling slightly lower during the session.
Data on the March inflation rate will be released on Wednesday. Economists expect inflation to increase 0.3% month over Month.
On the economic data front, the NFIB Small Business Optimism Index declined for a third straight month to a reading of 88.5 in March, compared to market estimates of 90.2.
Shares of Cognyte Software Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnt#NASDAQ">CGNT</a>) fell around 14% on Tuesday after the company reported fourth-quarter results and issued FY25 guidance. Tilray Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) shares tumbled more than 20% after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.
Most sectors on the S&amp;P 500 closed on a positive note, with real estate, utilities, and consumer staples stocks recording the biggest gains on Tuesday. However, financial and industrial stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 9 points to 38,883.67 on Tuesday. The S&amp;P 500 gained 0.14% at 5,209.91, while the Nasdaq Composite rose 0.32% at 16,306.64 during Tuesday&rsquo;s session.
Investors are awaiting earnings results from Lakeland Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lake#NASDAQ">LAKE</a>), Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>), and Delta Air Lines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) today.
At a current reading of 61.2, the index remained in the &quot;Greed&quot; zone on Tuesday, versus a prior reading of 62.4.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38155367/jim-cramer-was-upset-at-this-hostile-takeover-but-they-fixed-the-situation-stocks-been-a"> Jim Cramer Was Upset At This Hostile Takeover, But &#39;They Fixed The Situation. Stock&#39;s Been A Horse&#39; </a>

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Lakeland declares $0.03 dividend

Lakeland Q2 2025 Earnings Preview

Here's the major earnings after the close today

LakelandEPS of -$0.19, revenue of $38.51M misses by $1.39M

Lakeland Industries (LAKE) has provided an update. Discover insights from the latest earnings call as the company shares key information and strate...

Lakeland Industries Earnings Call Insights and Strategies

Lakeland Industries, Inc. (LAKE) Q2 2025 Earnings Call Transcript

Maxim Group analyst Matthew Galinko has maintained their bullish stance on LAKE stock, giving a Buy rating yesterday. I'm sorry, but I cannot provi...

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