ESAB Corporation (NYSE:ESAB) Declares Quarterly Dividend of $0.10

ESAB Corporation (NYSE:ESAB) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.10 per share on Friday, April 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, April 2nd.

ESAB has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ESAB to earn $5.83 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.9%.

ESAB Price Performance

ESAB stock traded down $0.01 during trading on Friday, reaching $124.87. 164,875 shares of the company were exchanged, compared to its average volume of 448,395. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.24 and a current ratio of 1.90. The stock’s 50 day moving average price is $121.70 and its 200 day moving average price is $116.54. ESAB has a 52-week low of $100.17 and a 52-week high of $137.42. The company has a market cap of $7.58 billion, a P/E ratio of 33.66, a PEG ratio of 2.30 and a beta of 1.24.

ESAB (NYSE:ESAB) last posted its quarterly earnings results on Friday, February 20th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. The company had revenue of $720.99 million during the quarter, compared to the consensus estimate of $687.80 million. ESAB had a net margin of 7.98% and a return on equity of 15.38%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. As a group, analysts predict that ESAB will post 5.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

ESAB has been the subject of a number of research analyst reports. Weiss Ratings cut ESAB from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Oppenheimer lifted their target price on shares of ESAB from $142.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Stifel Nicolaus increased their price target on shares of ESAB from $144.00 to $158.00 and gave the company a “buy” rating in a research report on Monday. Roth Mkm reissued a “buy” rating and set a $146.00 price objective (down from $150.00) on shares of ESAB in a research note on Tuesday, February 3rd. Finally, Wall Street Zen lowered ESAB from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, ESAB currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.25.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.