Analysts expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to announce $0.97 earnings per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Lincoln Electric’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.94. Lincoln Electric posted earnings of $0.81 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.8%. The company is scheduled to issue its next earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that Lincoln Electric will report full-year earnings of $3.75 per share for the current financial year, with EPS estimates ranging from $3.72 to $3.77. For the next fiscal year, analysts expect that the company will report earnings of $4.29 per share, with EPS estimates ranging from $4.21 to $4.43. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Lincoln Electric.
Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The company had revenue of $669.50 million for the quarter, compared to analyst estimates of $658.48 million. During the same period last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year.
A number of equities analysts have recently weighed in on LECO shares. Zacks Investment Research cut shares of Lincoln Electric from a “buy” rating to a “sell” rating in a research note on Monday, October 9th. ValuEngine cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric in a research note on Friday, October 20th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Lincoln Electric in a research note on Monday, October 30th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Lincoln Electric in a research note on Monday, October 30th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Lincoln Electric currently has a consensus rating of “Hold” and a consensus price target of $97.57.
Lincoln Electric (NASDAQ LECO) traded down $0.03 during trading hours on Friday, hitting $90.88. 302,100 shares of the stock were exchanged, compared to its average volume of 375,173. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55. Lincoln Electric has a fifty-two week low of $75.86 and a fifty-two week high of $99.59. The firm has a market cap of $5,977.85, a PE ratio of 25.32, a PEG ratio of 2.31 and a beta of 1.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.72%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, December 28th. Lincoln Electric’s dividend payout ratio is presently 33.65%.
A number of hedge funds and other institutional investors have recently modified their holdings of LECO. Great West Life Assurance Co. Can grew its stake in Lincoln Electric by 1.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 36,374 shares of the industrial products company’s stock valued at $3,348,000 after acquiring an additional 375 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Lincoln Electric in the 2nd quarter valued at about $204,000. Sei Investments Co. grew its stake in Lincoln Electric by 3.7% in the 2nd quarter. Sei Investments Co. now owns 7,416 shares of the industrial products company’s stock valued at $683,000 after acquiring an additional 262 shares during the last quarter. Global X Management Co. LLC grew its stake in Lincoln Electric by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 2,096 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 1,441 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Lincoln Electric by 1,872.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 90,725 shares of the industrial products company’s stock valued at $8,355,000 after acquiring an additional 86,125 shares during the last quarter. 63.64% of the stock is currently owned by hedge funds and other institutional investors.
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Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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