Lincoln Electric (LECO) to Release Earnings on Thursday

Lincoln Electric (NASDAQ:LECO) is scheduled to release its earnings data before the market opens on Thursday, October 25th. Analysts expect Lincoln Electric to post earnings of $1.21 per share for the quarter.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Monday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. Lincoln Electric had a return on equity of 29.77% and a net margin of 8.77%. The company had revenue of $790.10 million for the quarter, compared to analyst estimates of $810.54 million. During the same quarter last year, the firm earned $0.97 EPS. Lincoln Electric’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, analysts expect Lincoln Electric to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NASDAQ:LECO opened at $86.99 on Thursday. Lincoln Electric has a 1-year low of $81.48 and a 1-year high of $101.34. The company has a market cap of $6.09 billion, a PE ratio of 22.96, a PEG ratio of 1.55 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.94 and a debt-to-equity ratio of 0.74.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.39. Lincoln Electric’s dividend payout ratio (DPR) is presently 41.16%.

Several brokerages have recently weighed in on LECO. BidaskClub lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Oppenheimer set a $105.00 price objective on Lincoln Electric and gave the stock a “buy” rating in a report on Monday, July 23rd. Zacks Investment Research lowered Lincoln Electric from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Finally, ValuEngine lowered Lincoln Electric from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $106.25.

In related news, Director G Russell Lincoln sold 12,318 shares of the business’s stock in a transaction on Saturday, July 21st. The stock was sold at an average price of $38.98, for a total value of $480,155.64. Following the sale, the director now owns 214,923 shares of the company’s stock, valued at approximately $8,377,698.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William E. Macdonald III sold 3,500 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $92.96, for a total value of $325,360.00. Following the completion of the sale, the director now directly owns 15,307 shares in the company, valued at approximately $1,422,938.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,958 shares of company stock worth $1,100,990. 3.04% of the stock is owned by insiders.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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Earnings History for Lincoln Electric (NASDAQ:LECO)

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