Lincoln Electric (LECO) Scheduled to Post Earnings on Thursday

Lincoln Electric (NASDAQ:LECO) is scheduled to be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Lincoln Electric to post earnings of $2.18 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.44 earnings per share. On average, analysts expect Lincoln Electric to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Lincoln Electric Price Performance

Shares of LECO opened at $193.76 on Thursday. The company has a market capitalization of $11.03 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. The company has a quick ratio of 1.31, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. Lincoln Electric has a twelve month low of $164.00 and a twelve month high of $261.13. The firm has a 50 day moving average of $189.63 and a 200 day moving average of $201.12.

Lincoln Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s payout ratio is 31.85%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Robert W. Baird decreased their target price on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Finally, StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $221.67.

Insider Buying and Selling at Lincoln Electric

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of Lincoln Electric stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the sale, the senior vice president now owns 11,178 shares of the company’s stock, valued at $1,966,880.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.63% of the stock is currently owned by insiders.

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.