ESAB Corporation (NYSE:ESAB) Given Consensus Rating of “Moderate Buy” by Brokerages

ESAB Corporation (NYSE:ESAB) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $143.3333.

Several brokerages have recently issued reports on ESAB. Wall Street Zen upgraded ESAB from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Roth Capital assumed coverage on ESAB in a research report on Friday, September 5th. They issued a “buy” rating and a $150.00 target price on the stock. Loop Capital raised ESAB from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $140.00 in a research note on Friday, August 22nd. Oppenheimer reduced their price target on shares of ESAB from $144.00 to $142.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Finally, UBS Group lifted their price target on shares of ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a report on Monday, October 20th.

Institutional Investors Weigh In On ESAB

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in ESAB in the first quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. raised its holdings in ESAB by 109.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after buying an additional 174 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in ESAB by 706.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the company’s stock worth $42,000 after buying an additional 318 shares during the period. AlphaQuest LLC bought a new stake in ESAB during the 3rd quarter worth approximately $58,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in ESAB during the 2nd quarter worth approximately $59,000. Institutional investors own 91.13% of the company’s stock.

ESAB Price Performance

ESAB stock opened at $113.13 on Friday. The company’s 50-day moving average price is $114.59 and its two-hundred day moving average price is $118.51. The firm has a market cap of $6.87 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.19 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.99 and a debt-to-equity ratio of 0.62. ESAB has a 12 month low of $100.17 and a 12 month high of $135.84.

ESAB (NYSE:ESAB) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The company had revenue of $727.85 million during the quarter, compared to the consensus estimate of $663.57 million. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. On average, analysts anticipate that ESAB will post 5.16 earnings per share for the current fiscal year.

ESAB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. ESAB’s dividend payout ratio is 10.08%.

ESAB Company Profile

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.