$0.93 Earnings Per Share Expected for Lincoln Electric Holdings, Inc. (LECO) This Quarter
Wall Street analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will post earnings of $0.93 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Lincoln Electric Holdings’ earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $0.95. Lincoln Electric Holdings reported earnings per share of $0.89 during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The business is expected to issue its next quarterly earnings results on Friday, October 20th.
According to Zacks, analysts expect that Lincoln Electric Holdings will report full year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.70 to $3.79. For the next fiscal year, analysts anticipate that the business will report earnings of $4.16 per share, with EPS estimates ranging from $3.88 to $4.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Lincoln Electric Holdings.
Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The business had revenue of $626.90 million for the quarter, compared to the consensus estimate of $620.28 million. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share.
LECO has been the topic of several analyst reports. FBR & Co reiterated an “outperform” rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Stifel Nicolaus restated a “hold” rating and set a $98.00 price target on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Robert W. Baird set a $91.00 price target on Lincoln Electric Holdings and gave the stock a “hold” rating in a report on Thursday, August 24th. BidaskClub downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, ValuEngine downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.29.
In related news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $88.55, for a total transaction of $272,734.00. Following the transaction, the vice president now owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.27% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in LECO. BlackRock Inc. boosted its position in shares of Lincoln Electric Holdings by 4,647.7% during the 1st quarter. BlackRock Inc. now owns 4,967,690 shares of the industrial products company’s stock worth $431,493,000 after purchasing an additional 4,863,057 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Lincoln Electric Holdings in the 2nd quarter valued at about $990,000. Janus Henderson Group PLC purchased a new position in shares of Lincoln Electric Holdings in the 2nd quarter valued at about $89,024,000. Principal Financial Group Inc. increased its holdings in shares of Lincoln Electric Holdings by 91.2% in the 2nd quarter. Principal Financial Group Inc. now owns 843,705 shares of the industrial products company’s stock valued at $77,697,000 after purchasing an additional 402,372 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in shares of Lincoln Electric Holdings in the 2nd quarter valued at about $34,994,000. 63.93% of the stock is owned by institutional investors.
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Lincoln Electric Holdings (LECO) traded up 0.53% during trading on Tuesday, hitting $93.47. The stock had a trading volume of 50,607 shares. Lincoln Electric Holdings has a 52-week low of $61.04 and a 52-week high of $97.97. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 27.01 and a beta of 1.01. The firm’s 50-day moving average price is $88.62 and its 200-day moving average price is $89.37.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.35 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.51%. Lincoln Electric Holdings’s dividend payout ratio is currently 40.46%.
Lincoln Electric Holdings Company Profile
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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