Lincoln Electric (LECO) Scheduled to Post Earnings on Thursday

Lincoln Electric (NASDAQ:LECO) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $2.17 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.19 by $0.26. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Lincoln Electric had a return on equity of 45.09% and a net margin of 13.01%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. On average, analysts expect Lincoln Electric to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Lincoln Electric Stock Down 1.3 %

LECO opened at $235.16 on Tuesday. The company has a market cap of $13.36 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.65 and a beta of 1.20. The business’s 50-day moving average price is $248.69 and its 200-day moving average price is $218.86. The company has a current ratio of 2.24, a quick ratio of 1.50 and a debt-to-equity ratio of 0.84. Lincoln Electric has a 12 month low of $155.21 and a 12 month high of $261.13.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.21%. Lincoln Electric’s dividend payout ratio is presently 30.31%.

Insider Buying and Selling at Lincoln Electric

In other Lincoln Electric news, CFO Gabriel Bruno sold 12,820 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the completion of the transaction, the chief financial officer now owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Lincoln Electric news, CFO Gabriel Bruno sold 12,820 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the completion of the transaction, the chief financial officer now owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Geoffrey P. Allman sold 3,306 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total value of $834,202.98. Following the transaction, the senior vice president now directly owns 9,150 shares of the company’s stock, valued at approximately $2,308,819.50. The disclosure for this sale can be found here. Insiders own 2.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LECO shares. Jefferies Financial Group increased their price objective on Lincoln Electric from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Morgan Stanley assumed coverage on Lincoln Electric in a research note on Monday, January 8th. They issued an “underweight” rating and a $178.00 price target for the company. KeyCorp raised their price target on Lincoln Electric from $232.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, Stifel Nicolaus raised their price target on Lincoln Electric from $239.00 to $241.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $210.50.

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 brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.