Brokerages expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to post $764.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Lincoln Electric’s earnings, with the lowest sales estimate coming in at $735.50 million and the highest estimate coming in at $799.80 million. Lincoln Electric reported sales of $747.19 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 14th.

According to Zacks, analysts expect that Lincoln Electric will report full year sales of $3.05 billion for the current year, with estimates ranging from $3.02 billion to $3.08 billion. For the next year, analysts anticipate that the business will post sales of $3.13 billion, with estimates ranging from $3.07 billion to $3.28 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, October 25th. The industrial products company reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $737.10 million for the quarter, compared to analyst estimates of $763.42 million. Lincoln Electric had a net margin of 7.40% and a return on equity of 31.77%.

LECO has been the topic of a number of research analyst reports. Robert W. Baird set a $85.00 price objective on shares of Lincoln Electric and gave the company a “hold” rating in a report on Thursday, October 25th. Oppenheimer reaffirmed a “buy” rating and issued a $95.00 price target on shares of Lincoln Electric in a report on Thursday, October 25th. Gabelli raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Friday, October 26th. ValuEngine lowered shares of Lincoln Electric from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Finally, BidaskClub raised shares of Lincoln Electric from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Lincoln Electric presently has a consensus rating of “Buy” and an average target price of $102.20.

Shares of LECO opened at $85.18 on Friday. The firm has a market cap of $5.31 billion, a PE ratio of 22.47, a P/E/G ratio of 1.17 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.88 and a current ratio of 2.58. Lincoln Electric has a 1-year low of $72.28 and a 1-year high of $100.29.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Lincoln Electric by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,003,585 shares of the industrial products company’s stock valued at $560,975,000 after purchasing an additional 89,009 shares during the last quarter. Vanguard Group Inc raised its position in shares of Lincoln Electric by 1.5% in the third quarter. Vanguard Group Inc now owns 6,003,585 shares of the industrial products company’s stock worth $560,975,000 after acquiring an additional 89,009 shares during the period. BlackRock Inc. raised its position in shares of Lincoln Electric by 4.4% in the third quarter. BlackRock Inc. now owns 5,947,985 shares of the industrial products company’s stock worth $555,782,000 after acquiring an additional 252,538 shares during the period. Alliancebernstein L.P. raised its position in shares of Lincoln Electric by 5.3% in the third quarter. Alliancebernstein L.P. now owns 1,514,972 shares of the industrial products company’s stock worth $141,559,000 after acquiring an additional 75,958 shares during the period. Finally, Keybank National Association OH raised its position in shares of Lincoln Electric by 3.3% in the third quarter. Keybank National Association OH now owns 1,352,159 shares of the industrial products company’s stock worth $126,346,000 after acquiring an additional 43,519 shares during the period. 69.31% of the stock is currently owned by institutional investors.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include 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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