Brokerages Anticipate Lincoln Electric Holdings, Inc. (LECO) to Announce $1.20 Earnings Per Share

Wall Street analysts predict that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will announce earnings of $1.20 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Lincoln Electric’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.28. Lincoln Electric reported earnings of $1.01 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 18.8%. The business is expected to issue its next earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Lincoln Electric will report full year earnings of $4.74 per share for the current fiscal year, with EPS estimates ranging from $4.65 to $4.81. For the next fiscal year, analysts anticipate that the business will report earnings of $5.35 per share, with EPS estimates ranging from $5.17 to $5.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, October 25th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.21. Lincoln Electric had a net margin of 7.40% and a return on equity of 31.77%. The business had revenue of $737.10 million for the quarter, compared to analyst estimates of $763.42 million.

A number of analysts have weighed in on LECO shares. Oppenheimer reissued a “buy” rating and issued a $95.00 price target on shares of Lincoln Electric in a report on Thursday, October 25th. BidaskClub raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Gabelli raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a report on Friday, October 26th. Barclays set a $90.00 price target on shares of Lincoln Electric and gave the company an “equal weight” rating in a report on Friday, October 26th. Finally, Robert W. Baird set a $85.00 price target on shares of Lincoln Electric and gave the company a “hold” rating in a report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $102.44.

NASDAQ:LECO traded down $2.74 during midday trading on Friday, reaching $79.97. The stock had a trading volume of 304,137 shares, compared to its average volume of 292,193. Lincoln Electric has a 1-year low of $75.07 and a 1-year high of $101.34. The company has a current ratio of 2.58, a quick ratio of 1.88 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5.33 billion, a PE ratio of 21.10, a PEG ratio of 1.33 and a beta of 1.28.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.47 dividend. The ex-dividend date is Friday, December 28th. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.39. This represents a $1.88 dividend on an annualized basis and a yield of 2.35%. Lincoln Electric’s dividend payout ratio is 41.16%.

A number of institutional investors have recently modified their holdings of LECO. Janney Montgomery Scott LLC boosted its holdings in Lincoln Electric by 11.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,591 shares of the industrial products company’s stock valued at $666,000 after purchasing an additional 782 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Lincoln Electric by 101.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,731 shares of the industrial products company’s stock worth $503,000 after acquiring an additional 2,880 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of Lincoln Electric during the 2nd quarter worth about $11,996,000. Wells Fargo & Company MN lifted its holdings in shares of Lincoln Electric by 7.8% during the 2nd quarter. Wells Fargo & Company MN now owns 142,162 shares of the industrial products company’s stock worth $12,476,000 after acquiring an additional 10,248 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Lincoln Electric by 92.4% during the 2nd quarter. First Trust Advisors LP now owns 81,446 shares of the industrial products company’s stock worth $7,148,000 after acquiring an additional 39,107 shares during the period. 69.85% of the stock is owned by hedge funds and other institutional investors.

About Lincoln Electric

Lincoln Electric Holdings, Inc engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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