Analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report $698.34 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Lincoln Electric’s earnings, with the highest sales estimate coming in at $702.00 million and the lowest estimate coming in at $692.60 million. Lincoln Electric posted sales of $563.83 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.9%. The company is scheduled to report its next earnings report on Tuesday, February 13th.

On average, analysts expect that Lincoln Electric will report full-year sales of $698.34 million for the current financial year, with estimates ranging from $2.57 billion to $2.58 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.94 billion per share, with estimates ranging from $2.86 billion to $3.01 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). The company had revenue of $669.50 million during the quarter, compared to analyst estimates of $658.48 million. Lincoln Electric had a net margin of 11.34% and a return on equity of 28.97%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS.

A number of research firms recently issued reports on LECO. FBR & Co reiterated a “buy” rating and set a $115.00 price objective (up from $105.00) on shares of Lincoln Electric in a report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Lincoln Electric in a report on Friday, October 20th. Zacks Investment Research upgraded Lincoln Electric from a “sell” rating to a “hold” rating and set a $106.00 price target for the company in a research note on Monday, October 16th. Robert W. Baird restated a “hold” rating and issued a $92.00 price target on shares of Lincoln Electric in a research note on Friday, October 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $95.00 price target on shares of Lincoln Electric in a report on Wednesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $96.43.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the sale, the vice president now directly owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.27% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in LECO. Teacher Retirement System of Texas lifted its stake in Lincoln Electric by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,727 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 14 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in Lincoln Electric by 0.5% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock worth $603,000 after buying an additional 34 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Lincoln Electric by 1.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,067 shares of the industrial products company’s stock worth $651,000 after buying an additional 78 shares during the period. Lord Abbett & CO. LLC increased its stake in Lincoln Electric by 0.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock worth $2,689,000 after buying an additional 100 shares during the period. Finally, World Asset Management Inc increased its stake in Lincoln Electric by 2.8% during the 2nd quarter. World Asset Management Inc now owns 4,779 shares of the industrial products company’s stock worth $440,000 after buying an additional 129 shares during the period. 63.62% of the stock is owned by institutional investors.

Lincoln Electric (NASDAQ:LECO) opened at $91.14 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5,904.20, a PE ratio of 25.01, a P/E/G ratio of 2.27 and a beta of 1.09. Lincoln Electric has a fifty-two week low of $75.64 and a fifty-two week high of $99.59.

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a dividend yield of 1.71%. Lincoln Electric’s dividend payout ratio (DPR) is presently 33.65%.

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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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Earnings History and Estimates for Lincoln Electric (NASDAQ:LECO)

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