Posted by admin on May 29th, 2022

Brokerages expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating) to announce $1.98 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Lincoln Electric’s earnings. The highest EPS estimate is $2.07 and the lowest is $1.91. 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 18.6%. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Lincoln Electric will report full-year earnings of $7.91 per share for the current year, with EPS estimates ranging from $7.70 to $8.08. For the next year, analysts expect that the company will post earnings of $8.56 per share, with EPS estimates ranging from $8.44 to $8.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Lincoln Electric.

Lincoln Electric (NASDAQ:LECO – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.47. The business had revenue of $925.40 million for the quarter, compared to analyst estimates of $870.50 million. Lincoln Electric had a return on equity of 48.22% and a net margin of 9.65%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS.

Several equities analysts recently weighed in on LECO shares. Robert W. Baird lifted their target price on shares of Lincoln Electric from $154.00 to $163.00 in a report on Thursday, April 28th. Morgan Stanley boosted 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. Stifel Nicolaus lowered their target price on Lincoln Electric from $144.00 to $132.00 and set a “hold” rating for the company in a research note on Monday, April 18th. Finally, StockNews.com lowered Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $150.57.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC grew its position in shares of Lincoln Electric by 136.5% during the first quarter. Neuberger Berman Group LLC now owns 6,067 shares of the industrial products company’s stock worth $836,000 after buying an additional 3,502 shares in the last quarter. Lido Advisors LLC bought a new position in Lincoln Electric during the 1st quarter valued at $505,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Lincoln Electric during the 1st quarter valued at $2,319,000. Alyeska Investment Group L.P. bought a new stake in shares of Lincoln Electric in the 1st quarter worth about $7,647,000. Finally, Quantbot Technologies LP increased its position in shares of Lincoln Electric by 206.7% in the 1st quarter. Quantbot Technologies LP now owns 6,665 shares of the industrial products company’s stock worth $918,000 after purchasing an additional 4,492 shares during the last quarter. 74.17% of the stock is currently owned by institutional investors.

LECO stock traded up $2.47 during midday trading on Friday, reaching $135.91. 165,137 shares of the company’s stock traded hands, compared to its average volume of 280,233. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.54 and a quick ratio of 0.89. Lincoln Electric has a fifty-two week low of $121.65 and a fifty-two week high of $148.54. The business has a 50-day moving average price of $133.02 and a two-hundred day moving average price of $133.47. The company has a market capitalization of $7.90 billion, a P/E ratio of 24.67, a PEG ratio of 1.11 and a beta of 1.14.

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

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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