Wall Street brokerages expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to post sales of $697.76 million for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Lincoln Electric’s earnings, with the lowest sales estimate coming in at $692.60 million and the highest estimate coming in at $702.70 million. Lincoln Electric reported sales of $563.83 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.8%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 14th.
On average, analysts expect that Lincoln Electric will report full-year sales of $697.76 million for the current financial year, with estimates ranging from $2.57 billion to $2.58 billion. For the next financial year, analysts anticipate that the company will post sales of $2.95 billion per share, with estimates ranging from $2.86 billion to $3.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Lincoln Electric.
A number of research analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Lincoln Electric in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub downgraded shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Barclays raised their target price on shares of Lincoln Electric from $90.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus decreased their target price on shares of Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $103.38.
Lincoln Electric (LECO) opened at $90.00 on Thursday. The firm has a market cap of $5,960.75, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.77 and a beta of 1.04. Lincoln Electric has a 12-month low of $81.39 and a 12-month high of $101.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.55 and a quick ratio of 1.83.
About Lincoln Electric
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lincoln Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric and related companies with MarketBeat.com's FREE daily email newsletter.