$0.97 Earnings Per Share Expected for Lincoln Electric Holdings, Inc. (LECO) This Quarter

Wall Street brokerages forecast that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report $0.97 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have made 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 in the same quarter last year, which would suggest a positive year over year growth rate of 19.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 13th.

On average, 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 financial year, analysts forecast that the firm will report earnings of $4.40 per share, with EPS estimates ranging from $4.21 to $4.86. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Lincoln Electric.

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

A number of equities research analysts have weighed in on LECO shares. Zacks Investment Research upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Tuesday, September 26th. ValuEngine cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $95.00 price target on shares of Lincoln Electric in a research report on Wednesday, October 4th. Robert W. Baird reiterated a “hold” rating and set a $92.00 price target on shares of Lincoln Electric in a research report on Friday, October 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Lincoln Electric in a research report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Lincoln Electric has a consensus rating of “Buy” and an average target price of $102.63.

Shares of Lincoln Electric (NASDAQ:LECO) opened at $100.01 on Friday. Lincoln Electric has a 12-month low of $80.15 and a 12-month high of $100.68. The firm has a market cap of $6,504.55, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Lincoln Electric by 1.7% in the second quarter. Vanguard Group Inc. now owns 5,471,416 shares of the industrial products company’s stock valued at $503,862,000 after purchasing an additional 88,871 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Lincoln Electric by 1.0% in the second quarter. BlackRock Inc. now owns 5,016,540 shares of the industrial products company’s stock valued at $461,973,000 after purchasing an additional 48,850 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of Lincoln Electric by 8.3% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,300,000 shares of the industrial products company’s stock valued at $119,184,000 after purchasing an additional 100,000 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Lincoln Electric by 2.6% in the third quarter. Fisher Asset Management LLC now owns 1,099,558 shares of the industrial products company’s stock valued at $100,807,000 after purchasing an additional 27,495 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Lincoln Electric in the second quarter valued at approximately $990,000. Hedge funds and other institutional investors own 63.64% of the company’s stock.

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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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