Zacks Research Weighs in on Lincoln Electric Holdings, Inc.’s Q2 2024 Earnings (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECOFree Report) – Equities research analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for Lincoln Electric in a research note issued to investors on Tuesday, June 4th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $2.32 per share for the quarter, down from their previous forecast of $2.39. The consensus estimate for Lincoln Electric’s current full-year earnings is $9.25 per share. Zacks Research also issued estimates for Lincoln Electric’s Q3 2024 earnings at $2.32 EPS, FY2024 earnings at $9.22 EPS, Q1 2025 earnings at $2.42 EPS, Q2 2025 earnings at $2.49 EPS and Q1 2026 earnings at $2.46 EPS.

Lincoln Electric (NASDAQ:LECOGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.08. The firm had revenue of $981.20 million for the quarter, compared to analysts’ expectations of $1.04 billion. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 EPS.

A number of other equities analysts have also commented on the company. Stifel Nicolaus cut their price target on Lincoln Electric from $241.00 to $238.00 and set a “hold” rating for the company in a report on Friday, April 26th. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Robert W. Baird lowered their price objective on shares of Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating for the company in a report on Friday, May 24th. KeyCorp reduced their target price on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 24th. Finally, Loop Capital decreased their target price on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Lincoln Electric currently has a consensus rating of “Hold” and an average target price of $225.29.

View Our Latest Report on Lincoln Electric

Lincoln Electric Stock Performance

NASDAQ LECO opened at $189.30 on Thursday. The company’s 50 day moving average is $227.94 and its 200-day moving average is $226.92. The firm has a market cap of $10.77 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. Lincoln Electric has a 12-month low of $164.00 and a 12-month high of $261.13. The company has a quick ratio of 1.49, a current ratio of 2.24 and a debt-to-equity ratio of 0.84.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new position in shares of Lincoln Electric in the 1st quarter valued at approximately $26,000. Contravisory Investment Management Inc. purchased a new position in shares of Lincoln Electric in the 4th quarter valued at approximately $27,000. Capital Advisors Ltd. LLC lifted its stake in shares of Lincoln Electric by 194.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. VisionPoint Advisory Group LLC lifted its stake in shares of Lincoln Electric by 81.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 77 shares during the period. Finally, Principal Securities Inc. purchased a new position in shares of Lincoln Electric in the 4th quarter valued at approximately $32,000. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.50%. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.15%.

About Lincoln Electric

(Get Free Report)

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.

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

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