Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Expected to Announce Quarterly Sales of $739.43 Million

Analysts predict that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report $739.43 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Lincoln Electric’s earnings, with the highest sales estimate coming in at $754.00 million and the lowest estimate coming in at $715.80 million. Lincoln Electric posted sales of $743.83 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.6%. The company is scheduled to issue its next earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Lincoln Electric will report full-year sales of $3.01 billion for the current fiscal year, with estimates ranging from $2.98 billion to $3.02 billion. For the next financial year, analysts expect that the company will post sales of $3.05 billion, with estimates ranging from $2.97 billion to $3.15 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.15). Lincoln Electric had a net margin of 10.50% and a return on equity of 36.00%. The company had revenue of $730.80 million during the quarter, compared to the consensus estimate of $750.21 million. During the same quarter in the previous year, the business posted $1.21 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis.

LECO has been the topic of a number of research analyst reports. Oppenheimer lowered shares of Lincoln Electric from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Seaport Global Securities lowered shares of Lincoln Electric from a “buy” rating to a “neutral” rating in a report on Wednesday, September 18th. BidaskClub upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $97.00 to $84.00 in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $91.33.

NASDAQ LECO opened at $91.70 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 1.89. The firm has a 50-day simple moving average of $88.32 and a 200 day simple moving average of $84.02. Lincoln Electric has a twelve month low of $72.28 and a twelve month high of $94.54. The stock has a market cap of $5.56 billion, a PE ratio of 19.02, a PEG ratio of 1.72 and a beta of 1.23.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.49 dividend. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Monday, December 30th. Lincoln Electric’s payout ratio is presently 39.00%.

In other Lincoln Electric news, SVP Michael Mintun sold 3,800 shares of Lincoln Electric stock in a transaction on Friday, September 6th. The shares were sold at an average price of $84.77, for a total value of $322,126.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Douglas S. Lance sold 2,770 shares of Lincoln Electric stock in a transaction on Friday, November 1st. The shares were sold at an average price of $91.12, for a total transaction of $252,402.40. The disclosure for this sale can be found here. Insiders sold a total of 18,569 shares of company stock worth $1,687,854 over the last quarter. Company insiders own 3.39% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Atria Investments LLC acquired a new position in shares of Lincoln Electric during the 2nd quarter worth about $25,425,000. JPMorgan Chase & Co. increased its stake in shares of Lincoln Electric by 19.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,682,402 shares of the industrial products company’s stock worth $135,147,000 after purchasing an additional 269,842 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of Lincoln Electric during the 2nd quarter worth about $19,222,000. Schroder Investment Management Group increased its stake in shares of Lincoln Electric by 48.8% during the 2nd quarter. Schroder Investment Management Group now owns 542,300 shares of the industrial products company’s stock worth $44,642,000 after purchasing an additional 177,800 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Lincoln Electric by 34,326.9% during the 1st quarter. FMR LLC now owns 140,806 shares of the industrial products company’s stock worth $11,810,000 after purchasing an additional 140,397 shares during the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.

Lincoln Electric Company Profile

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 offers welding products, including 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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