Lincoln Electric (LECO) to Release Earnings on Thursday

Lincoln Electric (NASDAQ:LECO) is expected to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.03 per share and revenue of $995.84 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Lincoln Electric Price Performance

Shares of NASDAQ LECO opened at $192.11 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $10.84 billion, a PE ratio of 22.92, a P/E/G ratio of 1.44 and a beta of 1.18. The firm has a fifty day simple moving average of $196.67 and a 200 day simple moving average of $196.12. Lincoln Electric has a twelve month low of $169.51 and a twelve month high of $261.13.

Analysts Set New Price Targets

LECO has been the subject of several recent analyst reports. KeyCorp raised their target price on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Stifel Nicolaus lowered their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.50.

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.