Lincoln Electric Holdings Inc. (LECO) Set to Announce Quarterly Earnings on Friday
Lincoln Electric Holdings Inc. (NASDAQ:LECO) is set to announce its Q316 earnings results on Friday, October 21st. Investors that wish to register for the company’s conference call can do so using this link.
Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Lincoln Electric Holdings had a net margin of 3.11% and a return on equity of 25.46%. The firm had revenue of $592.40 million for the quarter, compared to the consensus estimate of $589.08 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, analysts expect Lincoln Electric Holdings to post $3.23 EPS for the current fiscal year and $3.53 EPS for the next fiscal year.
Lincoln Electric Holdings Inc. (NASDAQ:LECO) opened at 61.21 on Wednesday. The stock’s 50 day moving average is $62.32 and its 200 day moving average is $61.36. The firm has a market cap of $4.12 billion, a P/E ratio of 59.83 and a beta of 1.10. Lincoln Electric Holdings Inc. has a 12-month low of $45.54 and a 12-month high of $65.33.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Saturday, December 31st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.29%. This is a boost from Lincoln Electric Holdings’s previous quarterly dividend of $0.32. Lincoln Electric Holdings’s dividend payout ratio (DPR) is 119.63%.
A number of equities analysts recently commented on the company. TheStreet upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Wellington Shields cut Lincoln Electric Holdings to a “hold” rating in a report on Wednesday, August 24th. Deutsche Bank AG assumed coverage on Lincoln Electric Holdings in a report on Tuesday, September 6th. They set a “hold” rating and a $70.00 target price for the company. Zacks Investment Research cut Lincoln Electric Holdings from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Finally, Barclays PLC restated an “equal weight” rating and set a $55.00 target price on shares of Lincoln Electric Holdings in a report on Wednesday, July 27th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $66.50.
A number of large investors have recently bought and sold shares of the company. Lodge Hill Capital LLC acquired a new stake in Lincoln Electric Holdings during the second quarter valued at $18,906,000. Thrivent Financial for Lutherans boosted its stake in Lincoln Electric Holdings by 1,147.4% in the second quarter. Thrivent Financial for Lutherans now owns 335,920 shares of the company’s stock valued at $19,846,000 after buying an additional 308,990 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in Lincoln Electric Holdings during the second quarter valued at $14,404,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Lincoln Electric Holdings by 25.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 559,529 shares of the company’s stock valued at $33,057,000 after buying an additional 112,380 shares during the last quarter. Finally, Paloma Partners Management Co boosted its stake in Lincoln Electric Holdings by 380.5% in the second quarter. Paloma Partners Management Co now owns 67,128 shares of the company’s stock valued at $3,966,000 after buying an additional 53,159 shares during the last quarter. Hedge funds and other institutional investors own 65.15% of the company’s stock.
About Lincoln Electric Holdings
Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.
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