Posted by admin on May 24th, 2022
ESAB (NYSE:ESAB – Get Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.85-$4.05 for the period, compared to the consensus 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.
Shares of NYSE:ESAB opened at $49.34 on Tuesday. ESAB has a one year low of $42.96 and a one year high of $58.08.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 18th. Stockholders of record on Friday, July 1st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, June 30th.
Several equities research analysts have recently commented on ESAB shares. Loop Capital started coverage on shares of ESAB in a research report on Friday, May 13th. They set a hold rating and a $52.00 price target for the company. Stifel Nicolaus started coverage on shares of ESAB in a research report on Friday. They set a buy rating and a $56.00 price target for the company.
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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