Zacks: Analysts Anticipate Lincoln Electric Holdings, Inc. (LECO) Will Post Quarterly Sales of $764.83 Million

Analysts expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to announce $764.83 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Lincoln Electric’s earnings. The lowest sales estimate is $735.50 million and the highest is $799.80 million. Lincoln Electric posted sales of $747.19 million in the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Lincoln Electric will report full year sales of $3.05 billion for the current year, with estimates ranging from $3.02 billion to $3.08 billion. For the next year, analysts expect that the firm will report sales of $3.13 billion, with estimates ranging from $3.06 billion to $3.28 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. Lincoln Electric had a return on equity of 31.77% and a net margin of 7.40%. The company had revenue of $737.10 million for the quarter, compared to analyst estimates of $763.42 million.

Several brokerages have commented on LECO. BidaskClub lowered Lincoln Electric from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. KeyCorp lowered their price target on Lincoln Electric from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, October 26th. Barclays set a $90.00 price target on Lincoln Electric and gave the stock an “equal weight” rating in a research note on Friday, October 26th. Finally, Gabelli raised Lincoln Electric from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $102.44.

LECO traded up $0.83 during trading on Friday, hitting $82.56. The company’s stock had a trading volume of 176,072 shares, compared to its average volume of 552,160. The company has a current ratio of 2.58, a quick ratio of 1.88 and a debt-to-equity ratio of 0.75. Lincoln Electric has a twelve month low of $75.07 and a twelve month high of $101.34. The firm has a market cap of $5.27 billion, a P/E ratio of 21.78, a PEG ratio of 1.31 and a beta of 1.27.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a $0.47 dividend. The ex-dividend date is Friday, December 28th. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.39. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.28%. Lincoln Electric’s payout ratio is currently 41.16%.

In other news, Director Kathryn Jo Lincoln sold 3,140 shares of Lincoln Electric stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $94.10, for a total value of $295,474.00. Following the sale, the director now directly owns 44,194 shares of the company’s stock, valued at $4,158,655.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.27% of the company’s stock.

Large investors have recently modified their holdings of the company. LPL Financial LLC acquired a new stake in shares of Lincoln Electric during the 1st quarter worth about $399,000. Principal Financial Group Inc. lifted its stake in shares of Lincoln Electric by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 896,122 shares of the industrial products company’s stock worth $80,605,000 after buying an additional 44,436 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Lincoln Electric by 41.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,650 shares of the industrial products company’s stock worth $671,000 after buying an additional 2,240 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Lincoln Electric by 61.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 10,216 shares of the industrial products company’s stock worth $897,000 after buying an additional 3,900 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Lincoln Electric by 0.9% during the 2nd quarter. Retirement Systems of Alabama now owns 148,625 shares of the industrial products company’s stock worth $13,043,000 after buying an additional 1,314 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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