What is Zacks Research’s Forecast for LECO FY2024 Earnings?

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Investment analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Lincoln Electric in a research report issued to clients and investors on Monday, December 16th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $8.71 per share for the year, up from their prior forecast of $8.70. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.75 per share. Zacks Research also issued estimates for Lincoln Electric’s Q4 2024 earnings at $2.00 EPS, Q1 2025 earnings at $2.10 EPS, Q2 2025 earnings at $2.35 EPS, Q4 2025 earnings at $2.36 EPS, FY2025 earnings at $9.13 EPS, Q1 2026 earnings at $2.18 EPS, Q2 2026 earnings at $2.50 EPS, Q3 2026 earnings at $2.45 EPS and FY2026 earnings at $9.57 EPS.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business had revenue of $983.76 million for the quarter, compared to analysts’ expectations of $988.07 million. During the same quarter in the previous year, the firm earned $2.40 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis.

Several other analysts have also commented on LECO. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Stifel Nicolaus lifted their price target on shares of Lincoln Electric from $195.00 to $216.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. KeyCorp increased their price objective on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Robert W. Baird lowered their target price on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $225.17.

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $189.89 on Thursday. The company has a market capitalization of $10.71 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company’s 50-day moving average is $205.20 and its 200 day moving average is $195.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. Lincoln Electric has a fifty-two week low of $169.51 and a fifty-two week high of $261.13.

Institutional Trading of Lincoln Electric

A number of institutional investors have recently added to or reduced their stakes in LECO. UMB Bank n.a. increased its position in shares of Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after buying an additional 140 shares during the period. Quarry LP increased its holdings in Lincoln Electric by 41.5% during the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 88 shares during the period. Blue Trust Inc. lifted its stake in Lincoln Electric by 308.5% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. HM Payson & Co. bought a new position in Lincoln Electric in the 3rd quarter valued at $65,000. Finally, Covestor Ltd grew its position in shares of Lincoln Electric by 60.2% during the 3rd quarter. Covestor Ltd now owns 423 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.75 per share. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a yield of 1.58%. Lincoln Electric’s payout ratio is presently 35.80%.

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.