ESAB Co. (ESAB) To Go Ex-Dividend on September 27th

ESAB Co. (NYSE:ESAB) declared a quarterly dividend on Thursday, September 12th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.08 per share on Friday, October 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Friday, September 27th.

ESAB has a dividend payout ratio of 6.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ESAB to earn $5.30 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 6.0%.

ESAB Stock Performance

ESAB opened at $105.89 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.86 and a quick ratio of 1.21. The company has a market capitalization of $6.40 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.84 and a beta of 1.42. The business has a fifty day simple moving average of $99.46 and a 200 day simple moving average of $101.56. ESAB has a 1 year low of $61.43 and a 1 year high of $114.77.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Friday, August 2nd. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.27 by $0.05. The business had revenue of $707.10 million for the quarter, compared to the consensus estimate of $686.75 million. ESAB had a net margin of 9.06% and a return on equity of 17.49%. ESAB’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 earnings per share. Research analysts expect that ESAB will post 4.84 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Stifel Nicolaus lowered their price objective on ESAB from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. JPMorgan Chase & Co. dropped their price target on ESAB from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Bank of America upped their price objective on shares of ESAB from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Oppenheimer initiated coverage on shares of ESAB in a report on Thursday, June 20th. They issued an “outperform” rating and a $115.00 target price on the stock. Finally, Evercore ISI cut their price target on shares of ESAB from $107.00 to $102.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.57.

ESAB Company Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.