Lakeland Industries (NASDAQ:LAKE) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Lakeland Industries (NASDAQ:LAKE) posted its earnings results on Tuesday. The medical instruments supplier reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.18, Zacks reports. Lakeland Industries had a negative return on equity of 6.56% and a negative net margin of 10.87%.The firm had revenue of $47.42 million for the quarter, compared to analyst estimates of $47.36 million.

Here are the key takeaways from Lakeland Industries’ conference call:

• Q1 revenue rose 1.4% to $47.4 million, helped by 11% growth in fire services, while net income improved to a small profit versus a loss a year ago. Adjusted EBITDA excluding FX also increased to $1.1 million.
• Fire services is becoming the company’s growth engine, with NFPA-certified head-to-toe products driving strong customer interest, a historic backlog, and accelerating tender activity across the U.S. and international markets.
• The services/ISP platform is expanding rapidly, with management saying the business is now running at roughly $4 million to $5 million per quarter and that new locations in Denver and expanded capacity in Arizona and Fresno should support further growth.
• Gross margin fell to 33.6% from 35.2%, mainly due to mix, certification transition costs, inventory build, and startup expenses, though management said these issues are temporary rather than structural.
• Management reaffirmed full-year guidance for high single-digit revenue growth and positive operating cash flow in fiscal 2027, expecting improvement to become more visible in the second half as conversions, margins, and service revenue improve.

Lakeland Industries Price Performance

LAKE stock opened at $11.35 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.36. The firm has a market capitalization of $111.91 million, a P/E ratio of -5.33 and a beta of 1.45. The business’s 50-day moving average is $9.94 and its two-hundred day moving average is $9.85. Lakeland Industries has a 1 year low of $7.15 and a 1 year high of $18.00.

Institutional Investors Weigh In On Lakeland Industries

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in Lakeland Industries by 87.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 839 shares in the last quarter. Bank of America Corp DE raised its position in Lakeland Industries by 189.9% in the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after purchasing an additional 2,736 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Lakeland Industries in the 2nd quarter valued at about $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Lakeland Industries in the 2nd quarter valued at about $68,000. Finally, Wells Fargo & Company MN raised its position in Lakeland Industries by 35.5% in the 4th quarter. Wells Fargo & Company MN now owns 9,514 shares of the medical instruments supplier’s stock valued at $84,000 after purchasing an additional 2,492 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Key Stories Impacting Lakeland Industries

Here are the key news stories impacting Lakeland Industries this week:

• Positive Sentiment: LAKE reported fiscal Q1 2027 earnings of $0.04 per share, easily beating estimates for a $0.14 loss, while revenue of $47.4 million also slightly topped expectations. Lakeland Fire + Safety Reports Fiscal First Quarter 2027 Results
• Positive Sentiment: Management highlighted 11% growth in Fire Services, stronger customer interest in its certified fire portfolio, and improving industrial channel activity, supporting confidence in a stronger second half. Lakeland Fire + Safety Reports Fiscal First Quarter 2027 Results
• Positive Sentiment: On the earnings call, Lakeland outlined a $50 million to $60 million ISP revenue target and reaffirmed high-single-digit fiscal 2027 growth, which may have reinforced the market’s bullish reaction. Lakeland outlines $50M-$60M ISP revenue goal while reaffirming high-single-digit FY 2027 growth
• Neutral Sentiment: Analysts currently rate the stock a consensus “Hold,” which does not add much immediate upside but also does not signal a major deterioration in outlook. Lakeland Industries, Inc. Receives Consensus Rating of Hold from Analysts
• Negative Sentiment: Despite the earnings beat, profitability remains challenged, with negative margins and a negative return on equity, reminding investors that the turnaround is still in progress. Lakeland Industries stock background

Analyst Ratings Changes

LAKE has been the topic of several research reports. Lake Street Capital decreased their target price on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, April 17th. Wall Street Zen raised Lakeland Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. DA Davidson raised Lakeland Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $14.00 in a research note on Monday, April 20th. Finally, Maxim Group set a $16.00 target price on Lakeland Industries in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.20.

About Lakeland Industries

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.