Lincoln Electric Holdings, Inc. (LECO) Expected to Post Earnings of $0.96 Per Share

Equities analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will announce earnings per share of $0.96 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Lincoln Electric’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.94. Lincoln Electric posted earnings per share of $0.81 in the same quarter last year, which suggests a positive year-over-year growth rate of 18.5%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, February 14th.

On average, analysts expect that Lincoln Electric will report full year earnings of $3.75 per share for the current year, with EPS estimates ranging from $3.72 to $3.76. For the next year, analysts anticipate that the business will post earnings of $4.44 per share, with EPS estimates ranging from $4.21 to $4.86. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Lincoln Electric.

Several research analysts have commented on the company. BidaskClub downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays boosted their target price on Lincoln Electric from $90.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus raised Lincoln Electric from a “hold” rating to a “buy” rating and upped their price objective for the stock from $97.00 to $116.00 in a research report on Tuesday, January 16th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $103.38.

A number of large investors have recently added to or reduced their stakes in LECO. Elefante Mark B acquired a new stake in shares of Lincoln Electric in the 4th quarter valued at $211,000. Dynamic Technology Lab Private Ltd bought a new stake in Lincoln Electric in the 2nd quarter valued at about $219,000. Campbell & CO Investment Adviser LLC bought a new stake in Lincoln Electric in the 3rd quarter valued at about $219,000. Cubist Systematic Strategies LLC increased its position in Lincoln Electric by 311.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,470 shares of the industrial products company’s stock valued at $227,000 after buying an additional 1,870 shares in the last quarter. Finally, Tradition Capital Management LLC bought a new stake in Lincoln Electric in the 4th quarter valued at about $232,000. Hedge funds and other institutional investors own 64.12% of the company’s stock.

Shares of Lincoln Electric (NASDAQ:LECO) traded down $2.29 during midday trading on Tuesday, reaching $84.15. The company’s stock had a trading volume of 261,628 shares, compared to its average volume of 426,616. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. The company has a market cap of $5,918.01, a P/E ratio of 25.07, a P/E/G ratio of 1.76 and a beta of 1.04. Lincoln Electric has a 52 week low of $81.39 and a 52 week high of $101.34.

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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.

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Earnings History and Estimates for Lincoln Electric (NASDAQ:LECO)

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