Lincoln Electric (LECO) to Release Earnings on Thursday

Lincoln Electric (NASDAQ:LECOGet Rating) is set to announce its earnings results before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $1.62 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Lincoln Electric (NASDAQ:LECOGet Rating) last issued its earnings results on Thursday, February 10th. The industrial products company reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $844.25 million for the quarter, compared to analysts’ expectations of $821.08 million. During the same quarter last year, the company earned $1.24 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. On average, analysts expect Lincoln Electric to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

LECO stock opened at $133.25 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83. Lincoln Electric has a twelve month low of $121.65 and a twelve month high of $148.54. The company’s 50 day moving average is $130.26 and its two-hundred day moving average is $134.83. The stock has a market cap of $7.81 billion, a P/E ratio of 28.90, a PEG ratio of 1.21 and a beta of 1.20.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $2.24 dividend on an annualized basis and a yield of 1.68%. Lincoln Electric’s payout ratio is currently 48.59%.

A number of analysts have weighed in on the stock. Loop Capital assumed coverage on shares of Lincoln Electric in a report on Wednesday, January 5th. They set a “buy” rating and a $170.00 price objective on the stock. Stifel Nicolaus lowered their target price on shares of Lincoln Electric from $144.00 to $132.00 and set a “hold” rating on the stock in a research report on Monday. StockNews.com lowered shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 12th. Finally, Morgan Stanley raised their target price on shares of Lincoln Electric from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Friday, February 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.29.

Several hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Management LLC boosted its position in shares of Lincoln Electric by 0.3% during the 4th quarter. MetLife Investment Management LLC now owns 28,616 shares of the industrial products company’s stock worth $3,991,000 after purchasing an additional 86 shares in the last quarter. LPL Financial LLC boosted its position in shares of Lincoln Electric by 2.6% during the 3rd quarter. LPL Financial LLC now owns 3,745 shares of the industrial products company’s stock worth $482,000 after purchasing an additional 95 shares in the last quarter. JustInvest LLC boosted its position in shares of Lincoln Electric by 7.5% during the 4th quarter. JustInvest LLC now owns 3,876 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 272 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Lincoln Electric during the 4th quarter worth $251,000. Finally, Jane Street Group LLC acquired a new position in shares of Lincoln Electric during the 3rd quarter worth $286,000. Institutional investors own 73.61% of the company’s stock.

Lincoln Electric Company Profile (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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Earnings History for Lincoln Electric (NASDAQ:LECO)

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