Lincoln Electric (LECO) Set to Announce Quarterly Earnings on Thursday

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

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Thursday, February 15th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.26. Lincoln Electric had a net margin of 13.01% and a return on equity of 45.09%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. 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 Up 2.0 %

LECO opened at $239.77 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.24 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average price of $248.69 and a 200-day moving average price of $218.86. Lincoln Electric has a twelve month low of $155.21 and a twelve month high of $261.13. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.65 and a beta of 1.20.

Lincoln Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued 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 1.18%. Lincoln Electric’s payout ratio is 30.31%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

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.