Zacks Research Has Bullish Forecast for LECO FY2024 Earnings

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of Lincoln Electric in a report issued on Monday, December 16th. Zacks Research analyst M. Das now forecasts that the industrial products company will earn $8.71 per share for the year, up from their previous estimate of $8.70. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.75 per share. Zacks Research also issued estimates for Lincoln Electric’s Q4 2024 earnings at $2.00 EPS, Q1 2025 earnings at $2.10 EPS, Q2 2025 earnings at $2.35 EPS, Q4 2025 earnings at $2.36 EPS, FY2025 earnings at $9.13 EPS, Q1 2026 earnings at $2.18 EPS, Q2 2026 earnings at $2.50 EPS, Q3 2026 earnings at $2.45 EPS and FY2026 earnings at $9.57 EPS.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The company had revenue of $983.76 million during the quarter, compared to analysts’ expectations of $988.07 million. During the same period last year, the business posted $2.40 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year.

Several other equities research analysts also recently commented on the stock. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Stifel Nicolaus raised their target price on Lincoln Electric from $195.00 to $216.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird dropped their price target on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Finally, KeyCorp increased their price objective on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Lincoln Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.17.

Lincoln Electric Stock Down 0.1 %

LECO stock opened at $189.75 on Thursday. The stock has a market capitalization of $10.71 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. Lincoln Electric has a 52 week low of $169.51 and a 52 week high of $261.13. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $205.20 and a 200 day moving average of $195.75.

Lincoln Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, December 31st. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s payout ratio is 35.80%.

Institutional Trading of Lincoln Electric

A number of hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. boosted its position in Lincoln Electric by 2.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,352 shares of the industrial products company’s stock worth $833,000 after purchasing an additional 121 shares in the last quarter. Retirement Systems of Alabama lifted its stake in shares of Lincoln Electric by 0.6% in the 3rd quarter. Retirement Systems of Alabama now owns 129,959 shares of the industrial products company’s stock valued at $24,955,000 after purchasing an additional 836 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Lincoln Electric during the third quarter valued at $121,000. World Investment Advisors LLC purchased a new position in Lincoln Electric in the third quarter valued at $499,000. Finally, Geode Capital Management LLC increased its holdings in Lincoln Electric by 5.4% in the third quarter. Geode Capital Management LLC now owns 1,204,549 shares of the industrial products company’s stock valued at $231,345,000 after buying an additional 61,640 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

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.