Q2 2024 Earnings Forecast for Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Issued By Seaport Res Ptn

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Seaport Res Ptn reduced their Q2 2024 earnings estimates for Lincoln Electric in a note issued to investors on Thursday, June 27th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $2.30 per share for the quarter, down from their prior forecast of $2.47. The consensus estimate for Lincoln Electric’s current full-year earnings is $9.13 per share. Seaport Res Ptn also issued estimates for Lincoln Electric’s FY2024 earnings at $9.10 EPS, Q2 2025 earnings at $2.53 EPS and Q4 2025 earnings at $2.55 EPS.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.08. The company had revenue of $981.20 million for the quarter, compared to analyst estimates of $1.04 billion. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS.

Several other analysts have also recently weighed in on LECO. Robert W. Baird decreased their price objective on shares of Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Loop Capital dropped their price target on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a report on Friday, May 24th. Oppenheimer reissued a “market perform” rating on shares of Lincoln Electric in a research note on Monday, April 29th. KeyCorp lowered their target price on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 24th. Finally, Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $225.29.

Lincoln Electric Stock Down 2.2 %

LECO opened at $184.49 on Monday. Lincoln Electric has a twelve month low of $164.00 and a twelve month high of $261.13. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.38 and a beta of 1.15. The firm’s 50-day simple moving average is $207.13 and its 200-day simple moving average is $225.24. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.24.

Hedge Funds Weigh In On Lincoln Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in Lincoln Electric during the first quarter valued at approximately $26,000. Capital Advisors Ltd. LLC increased its position in shares of Lincoln Electric by 194.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Lincoln Electric by 174.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock worth $27,000 after buying an additional 68 shares during the period. Contravisory Investment Management Inc. bought a new position in Lincoln Electric during the fourth quarter worth about $27,000. Finally, Rise Advisors LLC bought a new position in shares of Lincoln Electric during the 1st quarter valued at about $35,000. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.54%. Lincoln Electric’s payout ratio is presently 30.15%.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.