Posted by admin on Apr 19th, 2022

Wall Street brokerages forecast that Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating) will post sales of $864.20 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Lincoln Electric’s earnings, with the highest sales estimate coming in at $892.00 million and the lowest estimate coming in at $823.00 million. Lincoln Electric posted sales of $757.02 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Lincoln Electric will report full year sales of $3.57 billion for the current year, with estimates ranging from $3.51 billion to $3.64 billion. For the next year, analysts anticipate that the company will post sales of $3.77 billion, with estimates ranging from $3.69 billion to $3.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Lincoln Electric.

Lincoln Electric (NASDAQ:LECO – Get Rating) last announced its quarterly earnings results on Thursday, February 10th. The industrial products company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. Lincoln Electric had a net margin of 8.55% and a return on equity of 44.12%. The firm had revenue of $844.25 million during the quarter, compared to the consensus estimate of $821.08 million. During the same period last year, the firm earned $1.24 EPS. The business’s quarterly revenue was up 21.7% compared to the same quarter last year.

Several equities research analysts recently weighed in on LECO shares. StockNews.com cut Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 12th. Stifel Nicolaus dropped their price objective on Lincoln Electric from $144.00 to $132.00 and set a “hold” rating on the stock in a research report on Monday. Morgan Stanley raised their price objective on shares of Lincoln Electric from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Friday, February 11th. Finally, Loop Capital initiated coverage on Lincoln Electric in a report on Wednesday, January 5th. They issued a “buy” rating and a $170.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $147.29.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC purchased a new stake in Lincoln Electric during the 1st quarter valued at about $313,000. Carnegie Capital Asset Management LLC lifted its holdings in Lincoln Electric by 1.3% during the 1st quarter. Carnegie Capital Asset Management LLC now owns 110,435 shares of the industrial products company’s stock worth $15,219,000 after buying an additional 1,386 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Lincoln Electric by 2.0% during the 1st quarter. Nordea Investment Management AB now owns 57,190 shares of the industrial products company’s stock worth $7,967,000 after buying an additional 1,114 shares in the last quarter. Diversified Trust Co lifted its holdings in Lincoln Electric by 67.4% during the 1st quarter. Diversified Trust Co now owns 4,865 shares of the industrial products company’s stock worth $670,000 after buying an additional 1,959 shares in the last quarter. Finally, Martin Capital Partners LLC raised its holdings in shares of Lincoln Electric by 7.6% in the 1st quarter. Martin Capital Partners LLC now owns 3,333 shares of the industrial products company’s stock valued at $459,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.

LECO stock opened at $129.37 on Tuesday. The firm’s 50-day moving average price is $130.09 and its two-hundred day moving average price is $134.86. Lincoln Electric has a 12-month low of $121.65 and a 12-month high of $148.54. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.21 and a beta of 1.20. The company has a current ratio of 1.71, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.73%. Lincoln Electric’s dividend payout ratio (DPR) is currently 48.59%.

About Lincoln Electric (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.

Get a free copy of the Zacks research report on Lincoln Electric (LECO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lincoln Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Decreases By 19.2%

$970.22 Million in Sales Expected for A. O. Smith Co. (NYSE:AOS) This Quarter