ESAB (ESAB) Stock Price, News & Analysis

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ESAB in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ESAB shares.
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8 Wall Street analysts have issued 12 month target prices for ESAB's stock. Their ESAB share price targets range from $73.00 to $125.00. On average, they anticipate the company's share price to reach $93.75 in the next year. This suggests that the stock has a possible downside of 11.6%.
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ESAB's stock was trading at $86.62 at the beginning of the year. Since then, ESAB shares have increased by 22.4% and is now trading at $106.02.
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ESAB saw a increase in short interest in March. As of March 31st, there was short interest totaling 428,600 shares, an increase of 21.6% from the March 15th total of 352,400 shares. Based on an average trading volume of 241,300 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the shares of the stock are short sold.
View ESAB's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ESAB earnings forecast.

ESAB will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

ESAB Co. (NYSE:ESAB) announced its earnings results on Thursday, February, 29th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. The business earned $689.40 million during the quarter, compared to analyst estimates of $644.51 million. ESAB had a net margin of 7.40% and a trailing twelve-month return on equity of 17.57%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS.

ESAB announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Friday, March 29th will be paid a dividend of $0.06 per share on Friday, April 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for ESAB.

ESAB (NYSE:ESAB) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESAB will have a dividend payout ratio of 4.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESAB.

ETFs with the largest weight of ESAB (NYSE:ESAB) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Pacer US Cash Cows Growth ETF (BUL), First Trust Mid Cap Growth AlphaDEX Fund (FNY), First Trust US Equity Opportunities ETF (FPX), John Hancock Multifactor Small Cap ETF (JHSC), Timothy Plan US Small Cap Core ETF (TPSC) and BNY Mellon US Small Cap Core Equity ETF (BKSE).

ESAB updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of 4.650-4.850 for the period, compared to the consensus estimate of 4.810. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

ESAB's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.67%), Los Angeles Capital Management LLC (0.27%), Shilanski & Associates Inc. (0.03%), State of Michigan Retirement System (0.02%), Diversified Trust Co (0.01%) and Handelsinvest Investeringsforvaltning (0.01%). Insiders that own company stock include Christopher M Hix, Curtis E Jewell, Didier P Teirlinck, Kevin J Johnson, Michele Campion, Mitchell P Rales, Olivier Biebuyck, Patrick W Allender, Rajiv Vinnakota, Rhonda L Jordan and Shyam Kambeyanda.
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Shares of ESAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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