Analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will announce earnings of $0.97 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Lincoln Electric’s earnings. The lowest EPS estimate is $0.94 and the highest is $0.99. Lincoln Electric reported earnings per share of $0.81 during the same quarter last year, which suggests a positive year over year growth rate of 19.8%. The company is expected to issue its next earnings results 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 fiscal year, with EPS estimates ranging from $3.72 to $3.77. For the next fiscal year, analysts forecast that the company will report earnings of $4.29 per share, with EPS estimates ranging from $4.21 to $4.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Friday, October 27th. The industrial products company reported $0.93 EPS 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 firm had revenue of $669.50 million for the quarter, compared to analyst estimates of $658.48 million. During the same period last year, the firm earned $0.89 EPS. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year.

LECO has been the subject of several recent research reports. Oppenheimer reiterated a “hold” rating on shares of Lincoln Electric in a research report on Tuesday, December 12th. Stifel Nicolaus reduced their price target on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, October 30th. Zacks Investment Research cut Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a “hold” rating on shares of Lincoln Electric in a research report on Monday, October 30th. Finally, Barclays initiated coverage on Lincoln Electric in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $90.00 price target for the company. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $97.57.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. increased its position in shares of Lincoln Electric by 584.5% during the third quarter. Prudential Financial Inc. now owns 691,029 shares of the industrial products company’s stock worth $63,353,000 after purchasing an additional 590,070 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Lincoln Electric by 95.1% during the third quarter. Public Employees Retirement System of Ohio now owns 46,256 shares of the industrial products company’s stock worth $4,241,000 after purchasing an additional 22,546 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Lincoln Electric by 8.4% during the third quarter. California Public Employees Retirement System now owns 146,726 shares of the industrial products company’s stock worth $13,452,000 after purchasing an additional 11,426 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Lincoln Electric by 731.7% during the third quarter. Cubist Systematic Strategies LLC now owns 20,542 shares of the industrial products company’s stock worth $1,883,000 after purchasing an additional 18,072 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Lincoln Electric during the third quarter worth approximately $7,875,000. Hedge funds and other institutional investors own 63.64% of the company’s stock.

Lincoln Electric (NASDAQ:LECO) traded up $0.58 during trading on Wednesday, hitting $92.16. The company had a trading volume of 563,000 shares, compared to its average volume of 439,650. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.55 and a quick ratio of 1.83. Lincoln Electric has a 12-month low of $75.86 and a 12-month high of $99.59. The firm has a market capitalization of $6,021.91, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.69%. 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 payout ratio is presently 37.50%.

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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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