Wall Street analysts predict that Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating) will post earnings per share of $1.62 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Lincoln Electric’s earnings. The highest EPS estimate is $1.70 and the lowest is $1.56. Lincoln Electric posted earnings of $1.37 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 18.2%. The firm is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Lincoln Electric will report full year earnings of $7.13 per share for the current financial year, with EPS estimates ranging from $6.87 to $7.25. For the next fiscal year, analysts expect that the business will report earnings of $7.89 per share, with EPS estimates ranging from $7.67 to $8.04. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Lincoln Electric.
Lincoln Electric (NASDAQ:LECO – Get Rating) last posted its quarterly earnings results on Thursday, February 10th. The industrial products company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. Lincoln Electric had a net margin of 8.55% and a return on equity of 44.12%. The company had revenue of $844.25 million for the quarter, compared to analyst estimates of $821.08 million. During the same period in the prior year, the company earned $1.24 earnings per share. The firm’s revenue was up 21.7% on a year-over-year basis.
Shares of Lincoln Electric stock traded down $0.06 during trading hours on Friday, reaching $129.47. The stock had a trading volume of 204,198 shares, compared to its average volume of 310,209. The stock’s 50 day moving average is $130.09 and its 200 day moving average is $134.82. The firm has a market capitalization of $7.59 billion, a PE ratio of 28.08, a PEG ratio of 1.21 and a beta of 1.20. Lincoln Electric has a twelve month low of $121.65 and a twelve month high of $148.54. The company has a current ratio of 1.71, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a $0.56 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $2.24 dividend on an annualized basis and a yield of 1.73%. Lincoln Electric’s payout ratio is 48.59%.
Institutional investors have recently bought and sold shares of the company. CWM LLC purchased a new stake in shares of Lincoln Electric in the 4th quarter valued at approximately $25,000. National Bank of Canada FI purchased a new position in shares of Lincoln Electric during the 4th quarter worth approximately $29,000. Sageworth Trust Co of South Dakota purchased a new position in shares of Lincoln Electric during the 4th quarter worth approximately $40,000. UMB Bank N A MO purchased a new position in shares of Lincoln Electric during the 4th quarter worth approximately $61,000. Finally, Concord Wealth Partners boosted its position in shares of Lincoln Electric by 85.4% during the 4th quarter. Concord Wealth Partners now owns 532 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 245 shares during the period. 73.61% of the stock is owned by institutional investors and hedge funds.
About Lincoln Electric (Get Rating)
Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It 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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