Analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will post earnings per share (EPS) of $1.07 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Lincoln Electric’s earnings. The lowest EPS estimate is $0.97 and the highest is $1.14. Lincoln Electric posted earnings per share of $0.88 during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.6%. The company is expected to announce its next earnings report on Tuesday, April 17th.
On average, analysts expect that Lincoln Electric will report full-year earnings of $4.73 per share for the current year, with EPS estimates ranging from $4.32 to $4.87. For the next financial year, analysts expect that the business will post earnings of $5.26 per share, with EPS estimates ranging from $4.70 to $5.60. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Lincoln Electric.
Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Wednesday, February 14th. The industrial products company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The business had revenue of $747.19 million during the quarter, compared to analysts’ expectations of $696.97 million. Lincoln Electric had a return on equity of 28.76% and a net margin of 9.43%. Lincoln Electric’s revenue was up 32.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share.
Several research analysts have recently commented on the company. Barclays began coverage on Lincoln Electric in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $90.00 target price on the stock. Zacks Investment Research cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. BidaskClub cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. B. Riley set a $115.00 target price on shares of Lincoln Electric and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $110.00 target price on shares of Lincoln Electric in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Lincoln Electric currently has an average rating of “Buy” and a consensus target price of $105.20.
Shares of Lincoln Electric (LECO) traded up $0.12 during trading on Monday, hitting $92.51. The stock had a trading volume of 9,895 shares, compared to its average volume of 458,277. The firm has a market capitalization of $6,156.14, a PE ratio of 24.93, a PEG ratio of 1.73 and a beta of 1.11. Lincoln Electric has a 1-year low of $81.85 and a 1-year high of $101.34. The company has a current ratio of 2.60, a quick ratio of 1.94 and a debt-to-equity ratio of 0.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, March 28th. Lincoln Electric’s dividend payout ratio (DPR) is currently 42.05%.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Lincoln Electric by 0.5% in the fourth quarter. BlackRock Inc. now owns 5,273,569 shares of the industrial products company’s stock valued at $482,954,000 after purchasing an additional 27,984 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Lincoln Electric by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,342,039 shares of the industrial products company’s stock worth $122,904,000 after acquiring an additional 55,905 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Lincoln Electric by 584.5% in the 3rd quarter. Prudential Financial Inc. now owns 691,029 shares of the industrial products company’s stock worth $63,353,000 after acquiring an additional 590,070 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Lincoln Electric during the 4th quarter valued at about $56,904,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Lincoln Electric by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 531,479 shares of the industrial products company’s stock valued at $48,726,000 after acquiring an additional 12,479 shares during the last quarter. 66.94% of the stock is owned by institutional investors.
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About Lincoln Electric
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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