Lincoln Electric (NASDAQ:LECO – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Lincoln Electric to post earnings of $2.18 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Lincoln Electric (NASDAQ:LECO – Get Free Report) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $2.44 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. On average, analysts expect Lincoln Electric to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Lincoln Electric Trading Up 0.6 %
Shares of LECO stock opened at $197.08 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 1.31. Lincoln Electric has a 1 year low of $169.51 and a 1 year high of $261.13. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.49 and a beta of 1.14. The company’s fifty day simple moving average is $189.77 and its two-hundred day simple moving average is $199.49.
Lincoln Electric Increases Dividend
Insider Buying and Selling at Lincoln Electric
In other news, SVP Michael J. Whitehead sold 1,100 shares of Lincoln Electric stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the transaction, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.63% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Stifel Nicolaus boosted their price target on shares of Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Lincoln Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.67.
Read Our Latest Stock Report on Lincoln Electric
Lincoln Electric Company Profile
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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