Posted by admin on May 8th, 2022

Equities research analysts predict that Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating) will post $1.96 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Lincoln Electric’s earnings, with the lowest EPS estimate coming in at $1.90 and the highest estimate coming in at $2.07. Lincoln Electric posted earnings per share of $1.67 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.4%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Lincoln Electric will report full year earnings of $7.78 per share for the current fiscal year, with EPS estimates ranging from $7.24 to $8.08. For the next financial year, analysts forecast that the business will report earnings of $8.41 per share, with EPS estimates ranging from $7.91 to $8.60. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Lincoln Electric.

Lincoln Electric (NASDAQ:LECO – Get Rating) last posted its earnings results on Thursday, April 28th. The industrial products company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.43. Lincoln Electric had a return on equity of 48.22% and a net margin of 9.65%. The company had revenue of $925.40 million for the quarter, compared to the consensus estimate of $870.50 million. During the same quarter in the prior year, the company earned $1.37 earnings per share. Lincoln Electric’s revenue was up 22.2% on a year-over-year basis.

Several research firms have recently commented on LECO. Robert W. Baird raised their price objective on Lincoln Electric from $154.00 to $163.00 in a research note on Thursday, April 28th. Stifel Nicolaus decreased their price objective on Lincoln Electric from $144.00 to $132.00 and set a “hold” rating on the stock in a research note on Monday, April 18th. Morgan Stanley raised their price objective on Lincoln Electric from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Friday, February 11th. Finally, StockNews.com cut Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $150.57.

Shares of NASDAQ LECO traded up $0.37 during trading on Friday, hitting $136.12. The company had a trading volume of 300,803 shares, compared to its average volume of 265,026. The stock has a 50 day simple moving average of $131.75 and a 200 day simple moving average of $134.57. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 1.54. Lincoln Electric has a 12 month low of $121.65 and a 12 month high of $148.54. The firm has a market capitalization of $7.91 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Wednesday, June 29th. Lincoln Electric’s dividend payout ratio is currently 40.65%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new position in shares of Lincoln Electric in the 4th quarter worth approximately $25,000. National Bank of Canada FI purchased a new position in shares of Lincoln Electric in the 4th quarter worth approximately $29,000. Sageworth Trust Co of South Dakota purchased a new position in shares of Lincoln Electric in the 4th quarter worth approximately $40,000. UMB Bank N A MO purchased a new position in shares of Lincoln Electric in the 4th quarter worth approximately $61,000. Finally, Concord Wealth Partners boosted its holdings in shares of Lincoln Electric by 85.4% in the 4th quarter. Concord Wealth Partners now owns 532 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 74.17% of the company’s stock.

Lincoln Electric Company Profile (Get Rating)

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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