Wall Street analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report earnings of $1.29 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Lincoln Electric’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.24. Lincoln Electric reported earnings of $1.21 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The company is expected to announce its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Lincoln Electric will report full year earnings of $5.08 per share for the current year, with EPS estimates ranging from $5.00 to $5.14. For the next fiscal year, analysts expect that the business will report earnings of $5.64 per share, with EPS estimates ranging from $5.30 to $5.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lincoln Electric.
Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.02). Lincoln Electric had a net margin of 10.42% and a return on equity of 36.16%. The firm had revenue of $777.01 million for the quarter, compared to analyst estimates of $786.03 million. During the same quarter in the previous year, the company earned $1.22 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Lincoln Electric by 1.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,690 shares of the industrial products company’s stock valued at $962,000 after purchasing an additional 120 shares in the last quarter. Garrison Asset Management LLC lifted its holdings in shares of Lincoln Electric by 0.3% in the second quarter. Garrison Asset Management LLC now owns 40,720 shares of the industrial products company’s stock valued at $3,352,000 after purchasing an additional 122 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Lincoln Electric by 3.3% in the first quarter. Oppenheimer & Co. Inc. now owns 3,798 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 123 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Lincoln Electric by 2.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,464 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 148 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Lincoln Electric by 12.6% in the second quarter. Captrust Financial Advisors now owns 1,343 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.
Shares of Lincoln Electric stock traded up $1.53 on Friday, reaching $82.32. 145,600 shares of the company were exchanged, compared to its average volume of 487,571. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.28 and a current ratio of 1.98. The company’s 50-day moving average is $83.54 and its two-hundred day moving average is $84.20. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.42 and a beta of 1.24. Lincoln Electric has a 1-year low of $72.28 and a 1-year high of $97.93.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, September 27th. Lincoln Electric’s dividend payout ratio is presently 39.00%.
Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.
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