ESAB (ESAB) Set to Announce Earnings on Tuesday

ESAB (NYSE:ESAB) is set to release its earnings data before the market opens on Tuesday, October 29th. Analysts expect ESAB to post earnings of $1.13 per share for the quarter. ESAB has set its FY33 guidance at $4.75-4.95 EPS and its FY 2024 guidance at 4.750-4.950 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

ESAB (NYSE:ESAB) last issued its quarterly earnings results on Friday, August 2nd. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.05. The company had revenue of $707.10 million during the quarter, compared to analysts’ expectations of $686.75 million. ESAB had a net margin of 9.06% and a return on equity of 17.49%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. On average, analysts expect ESAB to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ESAB Price Performance

Shares of ESAB opened at $110.04 on Friday. The stock has a market capitalization of $6.65 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.93 and a beta of 1.42. ESAB has a twelve month low of $62.04 and a twelve month high of $114.77. The company has a 50 day moving average of $103.97 and a 200-day moving average of $101.67. The company has a quick ratio of 1.21, a current ratio of 1.86 and a debt-to-equity ratio of 0.62.

ESAB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. ESAB’s dividend payout ratio is presently 7.80%.

Analysts Set New Price Targets

Several research firms recently weighed in on ESAB. JPMorgan Chase & Co. raised their target price on shares of ESAB from $120.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Evercore ISI dropped their target price on ESAB from $107.00 to $102.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Bank of America lifted their target price on ESAB from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Oppenheimer boosted their price target on ESAB from $115.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus dropped their price target on ESAB from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.17.

About ESAB

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.