ESAB (ESAB) Set to Announce Earnings on Wednesday

ESAB (NYSE:ESAB) will post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect ESAB to post earnings of $1.09 per share for the quarter. ESAB has set its FY 2024 guidance at 4.650-4.850 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ESAB (NYSE:ESAB) last issued its earnings results on Thursday, February 29th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. ESAB had a net margin of 7.40% and a return on equity of 17.57%. The company had revenue of $689.40 million for the quarter, compared to the consensus estimate of $644.51 million. During the same period in the previous year, the firm earned $1.05 earnings per share. ESAB’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts expect ESAB to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ESAB Price Performance

Shares of ESAB stock opened at $108.25 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 0.98. The firm’s 50-day moving average is $102.92 and its two-hundred day moving average is $87.93. ESAB has a 12 month low of $55.37 and a 12 month high of $114.77. The company has a market capitalization of $6.54 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.54.

ESAB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, March 27th. ESAB’s dividend payout ratio (DPR) is presently 7.14%.

Insider Activity at ESAB

In related news, Director Christopher M. Hix sold 7,465 shares of ESAB stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $99.28, for a total value of $741,125.20. Following the completion of the transaction, the director now owns 33,863 shares in the company, valued at $3,361,918.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other ESAB news, Director Christopher M. Hix sold 7,465 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $99.28, for a total transaction of $741,125.20. Following the completion of the transaction, the director now owns 33,863 shares in the company, valued at approximately $3,361,918.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Didier P. Teirlinck sold 2,512 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $99.00, for a total transaction of $248,688.00. Following the transaction, the director now owns 33,863 shares of the company’s stock, valued at approximately $3,352,437. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,833 shares of company stock worth $1,074,985. Corporate insiders own 7.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ESAB has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of ESAB from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. upgraded shares of ESAB from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $111.00 to $125.00 in a research report on Monday, March 18th. Finally, Evercore ISI lifted their price target on shares of ESAB from $93.00 to $100.00 and gave the company an “in-line” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, ESAB has a consensus rating of “Moderate Buy” and an average target price of $93.75.

About ESAB

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.