Brokerages predict that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report sales of $770.14 million for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Lincoln Electric’s earnings. The lowest sales estimate is $758.90 million and the highest is $793.00 million. Lincoln Electric reported sales of $757.70 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The business is scheduled to announce its next earnings report on Monday, April 22nd.

According to Zacks, analysts expect that Lincoln Electric will report full-year sales of $3.15 billion for the current financial year, with estimates ranging from $3.10 billion to $3.22 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.25 billion, with estimates ranging from $3.15 billion to $3.35 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, February 14th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.09. The firm had revenue of $744.00 million during the quarter, compared to analyst estimates of $763.57 million. Lincoln Electric had a net margin of 9.48% and a return on equity of 33.87%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business earned $1.01 EPS.

LECO has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Wellington Shields lowered shares of Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 target price for the company. in a report on Friday, February 15th. Jefferies Financial Group initiated coverage on shares of Lincoln Electric in a report on Friday, January 25th. They issued a “buy” rating and a $100.00 target price for the company. BidaskClub upgraded shares of Lincoln Electric from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Finally, Vertical Research downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a research note on Friday, February 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $96.00.

Shares of Lincoln Electric stock traded up $0.10 during trading on Tuesday, hitting $84.45. The stock had a trading volume of 718,587 shares, compared to its average volume of 320,992. The firm has a market capitalization of $5.34 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. The company has a current ratio of 2.30, a quick ratio of 1.63 and a debt-to-equity ratio of 0.79. Lincoln Electric has a 12 month low of $72.28 and a 12 month high of $97.93.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.23%. The ex-dividend date is Thursday, March 28th. Lincoln Electric’s dividend payout ratio is presently 39.00%.

In related news, Director Hellene S. Runtagh sold 2,531 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $84.23, for a total value of $213,186.13. Following the transaction, the director now owns 24,878 shares of the company’s stock, valued at approximately $2,095,473.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Christopher L. Mapes sold 12,503 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.50, for a total transaction of $1,094,012.50. Following the completion of the transaction, the chairman now directly owns 231,232 shares in the company, valued at approximately $20,232,800. The disclosure for this sale can be found here. Insiders sold a total of 15,826 shares of company stock worth $1,376,530 in the last ninety days. 3.04% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of LECO. Oregon Public Employees Retirement Fund increased its position in Lincoln Electric by 8,249.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,034,567 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 2,010,198 shares during the period. Norges Bank purchased a new position in Lincoln Electric during the 4th quarter valued at about $50,188,000. Marshall Wace LLP purchased a new position in Lincoln Electric during the 3rd quarter valued at about $31,985,000. Prudential Financial Inc. increased its position in Lincoln Electric by 533.0% during the 3rd quarter. Prudential Financial Inc. now owns 322,233 shares of the industrial products company’s stock valued at $30,110,000 after purchasing an additional 271,328 shares during the period. Finally, BlackRock Inc. increased its position in Lincoln Electric by 4.4% during the 3rd quarter. BlackRock Inc. now owns 5,947,985 shares of the industrial products company’s stock valued at $555,782,000 after purchasing an additional 252,538 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

About Lincoln Electric

Lincoln Electric Holdings, Inc engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

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Earnings History and Estimates for Lincoln Electric (NASDAQ:LECO)

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