$0.97 EPS Expected for Lincoln Electric Holdings, Inc. (LECO) This Quarter

Wall Street analysts forecast that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will post $0.97 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Lincoln Electric’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $0.99. Lincoln Electric posted earnings of $0.81 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.8%. The business is scheduled to announce its next earnings report 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 financial year, with EPS estimates ranging from $3.72 to $3.77. For the next fiscal year, analysts forecast that the business will report earnings of $4.29 per share, with EPS estimates ranging from $4.21 to $4.43. Zacks’ earnings per share averages are an average based on a survey of sell-side 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 earnings per share (EPS) 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 the consensus estimate of $658.48 million. Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. Lincoln Electric’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS.

Several equities research analysts have recently issued reports on LECO shares. FBR & Co restated a “buy” rating and issued a $115.00 target price (up previously from $105.00) on shares of Lincoln Electric in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Tuesday, September 26th. ValuEngine upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. B. Riley restated a “buy” rating on shares of Lincoln Electric in a report on Wednesday, November 1st. Finally, Barclays started coverage on shares of Lincoln Electric in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $90.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Lincoln Electric has a consensus rating of “Hold” and a consensus target price of $98.50.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Lincoln Electric by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after buying an additional 59,464 shares in the last quarter. FMR LLC bought a new stake in Lincoln Electric during the 2nd quarter valued at about $23,713,000. The Manufacturers Life Insurance Company lifted its holdings in Lincoln Electric by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,019 shares of the industrial products company’s stock valued at $8,381,000 after buying an additional 1,739 shares in the last quarter. Alps Advisors Inc. bought a new stake in Lincoln Electric during the 3rd quarter valued at about $483,000. Finally, TimesSquare Capital Management LLC lifted its holdings in Lincoln Electric by 21.7% during the 2nd quarter. TimesSquare Capital Management LLC now owns 724,600 shares of the industrial products company’s stock valued at $66,728,000 after buying an additional 129,200 shares in the last quarter. Institutional investors own 63.64% of the company’s stock.

Shares of Lincoln Electric (LECO) opened at $94.99 on Wednesday. The stock has a market cap of $6,204.05, a PE ratio of 22.83, a PEG ratio of 2.09 and a beta of 1.08. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. Lincoln Electric has a twelve month low of $75.86 and a twelve month high of $99.59.

The business also recently disclosed 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 is a positive change from Lincoln Electric’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.56 dividend on an annualized basis and a yield of 1.64%. Lincoln Electric’s dividend payout ratio (DPR) is presently 37.50%.

ILLEGAL ACTIVITY NOTICE: “$0.97 EPS Expected for Lincoln Electric Holdings, Inc. (LECO) This Quarter” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.com-unik.info/2018/01/06/0-97-eps-expected-for-lincoln-electric-holdings-inc-leco-this-quarter.html.

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.

Get a free copy of the Zacks research report on Lincoln Electric (LECO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

What are top analysts saying about Lincoln Electric? - 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 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