FY2018 EPS Estimates for Lincoln Electric Holdings, Inc. (LECO) Increased by Analyst

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities researchers at Gabelli upped their FY2018 earnings per share estimates for Lincoln Electric Holdings in a note issued to investors on Tuesday. Gabelli analyst M. Trusz now expects that the industrial products company will post earnings per share of $4.25 for the year, up from their prior forecast of $4.10. Gabelli also issued estimates for Lincoln Electric Holdings’ FY2019 earnings at $4.80 EPS, FY2020 earnings at $5.30 EPS and FY2021 earnings at $5.75 EPS.

A number of other research analysts have also recently issued reports on LECO. Stifel Nicolaus decreased their price target on shares of Lincoln Electric Holdings from $100.00 to $92.00 and set a “hold” rating for the company in a report on Monday. Zacks Investment Research cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday. FBR & Co reaffirmed a “buy” rating and issued a $115.00 price target (up previously from $105.00) on shares of Lincoln Electric Holdings in a report on Friday, October 27th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a report on Monday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Lincoln Electric Holdings in a report on Monday. Twelve equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.43.

COPYRIGHT VIOLATION WARNING: This story was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.com-unik.info/2017/11/03/fy2018-eps-estimates-for-lincoln-electric-holdings-inc-leco-increased-by-analyst.html.

Shares of Lincoln Electric Holdings (NASDAQ LECO) traded down $0.57 on Thursday, reaching $90.46. 102,294 shares of the company’s stock traded hands, compared to its average volume of 358,610. The company has a market cap of $6,006.78, a price-to-earnings ratio of 25.45 and a beta of 1.09.

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

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Lincoln Electric Holdings by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock worth $116,964,000 after purchasing an additional 59,464 shares during the last quarter. FMR LLC purchased a new position in shares of Lincoln Electric Holdings during the second quarter worth $23,713,000. The Manufacturers Life Insurance Company raised its holdings in shares of Lincoln Electric Holdings by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 91,019 shares of the industrial products company’s stock worth $8,381,000 after purchasing an additional 1,739 shares during the last quarter. Tradition Capital Management LLC raised its holdings in shares of Lincoln Electric Holdings by 1,469.7% during the second quarter. Tradition Capital Management LLC now owns 45,426 shares of the industrial products company’s stock worth $4,183,000 after purchasing an additional 42,532 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its holdings in shares of Lincoln Electric Holdings by 0.5% during the second quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 34 shares during the last quarter. 60.60% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $88.55, for a total transaction of $272,734.00. Following the completion of the transaction, the vice president now owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.27% of the company’s stock.

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 issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, December 28th. This is a boost from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. Lincoln Electric Holdings’s dividend payout ratio (DPR) is 33.65%.

About Lincoln Electric Holdings

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.

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

What are top analysts saying about Lincoln Electric Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lincoln Electric Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit