Lincoln Electric (LECO) Scheduled to Post Quarterly Earnings on Thursday

Lincoln Electric (NASDAQ:LECO) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect Lincoln Electric to post earnings of $2.18 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.44 earnings per share. On average, analysts expect Lincoln Electric to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Lincoln Electric Trading Down 1.0 %

NASDAQ LECO opened at $193.76 on Thursday. Lincoln Electric has a 12 month low of $164.00 and a 12 month high of $261.13. The company’s 50-day moving average price is $189.63 and its 200-day moving average price is $201.12. The stock has a market cap of $11.03 billion, a PE ratio of 20.57, a PEG ratio of 1.43 and a beta of 1.14. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84.

Lincoln Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. Lincoln Electric’s dividend payout ratio is presently 31.85%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LECO. Robert W. Baird lowered their price target 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 objective on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, StockNews.com downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lincoln Electric currently has a consensus rating of “Hold” and a consensus price target of $221.67.

Insider Activity

In other news, SVP Michael J. Whitehead sold 1,100 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.96, for a total transaction of $193,556.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.63% of the company’s stock.

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.