Posted by admin on Jun 7th, 2022
ESAB (NYSE:ESAB – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $3.85-$4.05 for the period, compared to the consensus EPS estimate of $4.03. The company issued revenue guidance of $2.45 billion-$2.50 billion, compared to the consensus revenue estimate of $2.49 billion.
A number of research firms have commented on ESAB. Stifel Nicolaus began coverage on ESAB in a research report on Friday, May 20th. They issued a buy rating and a $56.00 target price on the stock. Loop Capital began coverage on ESAB in a research report on Friday, May 13th. They issued a hold rating and a $52.00 target price on the stock.
ESAB stock opened at $51.24 on Tuesday. ESAB has a 12-month low of $42.96 and a 12-month high of $58.08.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 18th. Investors of record on Friday, July 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.39%.
ESAB Company Profile (Get Rating)
ESAB Corporation formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting, joining, and automated welding, as well as gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables, including electrodes, nozzles, shields, and tips.
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