ESAB (ESAB) Projected to Post Quarterly Earnings on Thursday

ESAB (NYSE:ESAB) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $636.43 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

ESAB Stock Up 1.2 %

Shares of ESAB opened at $124.16 on Thursday. The firm has a 50 day simple moving average of $122.92 and a two-hundred day simple moving average of $114.34. The company has a market cap of $7.51 billion, a P/E ratio of 29.08, a P/E/G ratio of 2.01 and a beta of 1.36. ESAB has a one year low of $87.12 and a one year high of $135.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.25.

ESAB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. ESAB’s payout ratio is presently 7.49%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of ESAB in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Loop Capital boosted their target price on shares of ESAB from $105.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI cut shares of ESAB from an “in-line” rating to an “underperform” rating and boosted their price objective for the stock from $102.00 to $122.00 in a research note on Wednesday, November 13th. Oppenheimer reissued an “outperform” rating and issued a $144.00 price objective (up previously from $138.00) on shares of ESAB in a research note on Friday, November 8th. Finally, Stifel Nicolaus boosted their price objective on shares of ESAB from $130.00 to $131.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $133.57.

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.