Zacks: Analysts Expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Will Post Earnings of $0.93 Per Share
Analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report earnings per share of $0.93 for the current quarter, according to Zacks. Eight analysts have made estimates for Lincoln Electric Holdings’ earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.91. Lincoln Electric Holdings posted earnings per share of $0.89 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The business is scheduled to announce its next earnings results on Friday, October 20th.
On average, analysts expect that Lincoln Electric Holdings will report full-year earnings of $3.75 per share for the current year, with EPS estimates ranging from $3.70 to $3.84. For the next financial year, analysts expect that the firm will post earnings of $4.17 per share, with EPS estimates ranging from $3.88 to $4.47. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Lincoln Electric Holdings.
Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The business had revenue of $626.90 million during the quarter, compared to analysts’ expectations of $620.28 million. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS.
A number of equities analysts have commented on LECO shares. Zacks Investment Research cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Friday. BidaskClub cut Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Royal Bank Of Canada reissued a “hold” rating and set a $93.00 target price on shares of Lincoln Electric Holdings in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $88.00 target price (up previously from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lincoln Electric Holdings has a consensus rating of “Hold” and an average target price of $89.67.
Lincoln Electric Holdings (NASDAQ LECO) traded down 0.37% during trading on Tuesday, reaching $88.20. The company’s stock had a trading volume of 393,158 shares. Lincoln Electric Holdings has a one year low of $59.27 and a one year high of $97.97. The firm has a market capitalization of $5.81 billion, a P/E ratio of 25.49 and a beta of 0.97. The stock has a 50-day moving average of $91.68 and a 200 day moving average of $88.12.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.59%. Lincoln Electric Holdings’s payout ratio is currently 40.46%.
In related news, SVP Thomas A. Flohn sold 8,540 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $90.15, for a total value of $769,881.00. Following the completion of the sale, the senior vice president now owns 31,160 shares of the company’s stock, valued at $2,809,074. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director G Russell Lincoln sold 22,500 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total value of $1,999,575.00. Following the completion of the sale, the director now directly owns 248,032 shares of the company’s stock, valued at approximately $22,042,603.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,463 shares of company stock valued at $4,140,642. Insiders own 3.27% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Meadow Creek Investment Management LLC boosted its stake in Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock valued at $157,000 after buying an additional 112 shares in the last quarter. Global X Management Co. LLC boosted its stake in Lincoln Electric Holdings by 220.0% in the second quarter. Global X Management Co. LLC now owns 2,096 shares of the industrial products company’s stock valued at $193,000 after buying an additional 1,441 shares in the last quarter. Puzo Michael J bought a new stake in Lincoln Electric Holdings during the second quarter valued at approximately $203,000. CIBC Asset Management Inc bought a new stake in Lincoln Electric Holdings during the second quarter valued at approximately $204,000. Finally, Neuburgh Advisers LLC boosted its stake in Lincoln Electric Holdings by 6.6% in the first quarter. Neuburgh Advisers LLC now owns 2,486 shares of the industrial products company’s stock valued at $216,000 after buying an additional 154 shares in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.
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About Lincoln Electric Holdings
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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