ESAB Corporation (NYSE:ESAB) Announces Quarterly Dividend of $0.10

ESAB Corporation (NYSE:ESAB) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.10 per share on Friday, April 17th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, April 2nd.

ESAB has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ESAB to earn $5.83 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.9%.

ESAB Trading Down 0.4%

Shares of NYSE:ESAB traded down $0.55 during trading on Friday, reaching $124.32. The company’s stock had a trading volume of 129,529 shares, compared to its average volume of 447,846. The firm’s 50 day simple moving average is $121.70 and its two-hundred day simple moving average is $116.54. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 0.56. ESAB has a 12 month low of $100.17 and a 12 month high of $137.42. The stock has a market capitalization of $7.55 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24.

ESAB (NYSE:ESAB) last posted its quarterly earnings results on Friday, February 20th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The firm had revenue of $720.99 million for the quarter, compared to analysts’ expectations of $687.80 million. ESAB had a net margin of 7.98% and a return on equity of 15.38%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. On average, research analysts predict that ESAB will post 5.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Oppenheimer increased their target price on shares of ESAB from $142.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of ESAB from $130.00 to $153.00 and gave the company an “overweight” rating in a report on Monday. Roth Mkm reiterated a “buy” rating and issued a $146.00 target price (down from $150.00) on shares of ESAB in a research note on Tuesday, February 3rd. Weiss Ratings lowered ESAB from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Finally, Stifel Nicolaus raised their price target on ESAB from $144.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, ESAB has an average rating of “Moderate Buy” and an average target price of $145.25.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.