ESAB Corporation (NYSE:ESAB) Receives Consensus Rating of “Moderate Buy” from Brokerages

ESAB Corporation (NYSE:ESAB) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $143.3333.

A number of equities research analysts have commented on ESAB shares. Stifel Nicolaus upgraded shares of ESAB from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a report on Thursday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of ESAB in a research note on Monday. Loop Capital upgraded shares of ESAB from a “hold” rating to a “buy” rating and upped their price objective for the stock from $130.00 to $140.00 in a report on Friday, August 22nd. Wall Street Zen upgraded shares of ESAB from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Roth Capital began coverage on shares of ESAB in a research report on Friday, September 5th. They set a “buy” rating and a $150.00 target price for the company.

ESAB Price Performance

Shares of ESAB opened at $113.13 on Friday. The firm has a market cap of $6.87 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 2.19 and a beta of 1.24. ESAB has a 52-week low of $100.17 and a 52-week high of $135.84. The business’s 50 day moving average price is $114.59 and its two-hundred day moving average price is $118.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.24 and a current ratio of 1.99.

ESAB (NYSE:ESAB) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.27 by $0.05. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The company had revenue of $727.85 million during the quarter, compared to the consensus estimate of $663.57 million. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. On average, equities analysts anticipate that ESAB will post 5.16 EPS for the current year.

ESAB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. ESAB’s dividend payout ratio is 10.08%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ESAB. Caitong International Asset Management Co. Ltd bought a new stake in ESAB during the first quarter worth $33,000. Northwestern Mutual Wealth Management Co. lifted its stake in ESAB by 109.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after acquiring an additional 174 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in ESAB by 706.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the company’s stock worth $42,000 after acquiring an additional 318 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of ESAB in the 3rd quarter worth $58,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of ESAB in the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.

About ESAB

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.