ESAB (ESAB) Set to Announce Earnings on Tuesday

ESAB (NYSE:ESAB) is set to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect ESAB to post earnings of $1.13 per share for the quarter. ESAB has set its FY33 guidance at $4.75-4.95 EPS and its FY 2024 guidance at 4.750-4.950 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Friday, August 2nd. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. The business had revenue of $707.10 million during the quarter, compared to analyst estimates of $686.75 million. ESAB had a return on equity of 17.49% and a net margin of 9.06%. ESAB’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS. On average, analysts expect ESAB to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ESAB Stock Down 0.9 %

Shares of NYSE:ESAB opened at $110.04 on Friday. The company has a market capitalization of $6.65 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.42. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.86 and a quick ratio of 1.21. The business has a fifty day moving average price of $103.97 and a two-hundred day moving average price of $101.67. ESAB has a 1 year low of $62.04 and a 1 year high of $114.77.

ESAB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.08 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. ESAB’s dividend payout ratio (DPR) is presently 7.80%.

Analyst Upgrades and Downgrades

ESAB has been the subject of several research reports. Bank of America increased their price target on ESAB from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Evercore ISI dropped their price objective on ESAB from $107.00 to $102.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Stifel Nicolaus dropped their price objective on ESAB from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Oppenheimer increased their price objective on ESAB from $115.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price target on ESAB from $120.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.17.

About ESAB

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.