Zacks: Analysts Anticipate Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Will Announce Earnings of $1.43 Per Share

Wall Street brokerages forecast that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report earnings per share of $1.43 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Lincoln Electric’s earnings. The highest EPS estimate is $1.51 and the lowest is $1.29. Lincoln Electric posted earnings per share of $0.80 in the same quarter last year, which would indicate a positive year over year growth rate of 78.8%. The company is scheduled to report its next quarterly earnings report on Monday, July 26th.

According to Zacks, analysts expect that Lincoln Electric will report full-year earnings of $5.62 per share for the current financial year, with EPS estimates ranging from $5.15 to $5.81. For the next financial year, analysts forecast that the business will post earnings of $6.33 per share, with EPS estimates ranging from $5.91 to $6.63. Zacks’ EPS calculations are an average based on a survey of research firms that follow Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.18 by $0.19. The firm had revenue of $757.02 million during the quarter, compared to the consensus estimate of $727.87 million. Lincoln Electric had a return on equity of 36.67% and a net margin of 8.29%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share.

A number of analysts recently commented on LECO shares. Oppenheimer reaffirmed a “hold” rating on shares of Lincoln Electric in a research report on Monday, February 15th. Morgan Stanley increased their price objective on Lincoln Electric from $121.00 to $132.00 and gave the company an “equal weight” rating in a report on Wednesday, April 28th. Vertical Research raised Lincoln Electric from a “sell” rating to a “hold” rating and set a $140.00 price objective for the company in a report on Wednesday, April 28th. Finally, Barclays increased their price objective on Lincoln Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $125.14.

Shares of LECO traded down $0.19 on Thursday, reaching $128.70. 2,532 shares of the company’s stock traded hands, compared to its average volume of 228,475. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.27 and a current ratio of 1.95. The firm has a market capitalization of $7.66 billion, a PE ratio of 34.50, a PEG ratio of 2.30 and a beta of 1.17. The business has a 50 day moving average price of $127.73. Lincoln Electric has a 52-week low of $78.96 and a 52-week high of $136.04.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, June 29th. This represents a $2.04 annualized dividend and a dividend yield of 1.59%. Lincoln Electric’s dividend payout ratio (DPR) is 49.16%.

In related news, EVP Jennifer I. Ansberry sold 3,984 shares of the company’s stock in a transaction on Wednesday, May 5th. The shares were sold at an average price of $132.31, for a total value of $527,123.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.35% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LECO. FMR LLC boosted its holdings in shares of Lincoln Electric by 34,326.9% during the 1st quarter. FMR LLC now owns 140,806 shares of the industrial products company’s stock valued at $11,810,000 after purchasing an additional 140,397 shares during the last quarter. Comerica Bank boosted its holdings in shares of Lincoln Electric by 29.1% during the 4th quarter. Comerica Bank now owns 62,766 shares of the industrial products company’s stock valued at $7,745,000 after purchasing an additional 14,146 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Lincoln Electric by 9.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,916 shares of the industrial products company’s stock valued at $804,000 after purchasing an additional 600 shares during the last quarter. Creative Planning boosted its holdings in shares of Lincoln Electric by 1.8% during the 4th quarter. Creative Planning now owns 24,753 shares of the industrial products company’s stock valued at $2,878,000 after purchasing an additional 447 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Lincoln Electric by 240.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,031,068 shares of the industrial products company’s stock valued at $119,862,000 after purchasing an additional 727,921 shares during the last quarter. 73.18% of the stock is owned by institutional investors and hedge funds.

About Lincoln Electric

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