Lincoln Electric Holdings Inc. (NASDAQ:LECO) – Equities researchers at Seaport Global Securities increased their Q2 2017 earnings estimates for shares of Lincoln Electric Holdings in a research note issued on Tuesday. Seaport Global Securities analyst W. Liptak now anticipates that the brokerage will earn $0.99 per share for the quarter, up from their prior forecast of $0.97. Seaport Global Securities has a “Buy” rating and a $80.00 price objective on the stock. Seaport Global Securities also issued estimates for Lincoln Electric Holdings’ Q4 2017 earnings at $0.99 EPS and FY2017 earnings at $3.85 EPS.
Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Monday, July 25th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.83. The business earned $592.40 million during the quarter, compared to analyst estimates of $589.08 million. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 earnings per share.
A number of other research analysts also recently issued reports on LECO. KeyCorp raised Lincoln Electric Holdings from a “sector weight” rating to an “overweight” rating and set a $68.00 price objective on the stock in a research note on Monday, April 4th. Barclays PLC dropped their price target on Lincoln Electric Holdings from $51.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 13th. William Blair began coverage on Lincoln Electric Holdings in a research note on Wednesday, April 13th. They set a “market perform” rating on the stock. Stifel Nicolaus upped their price target on Lincoln Electric Holdings from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $58.00 price target on shares of Lincoln Electric Holdings in a research note on Wednesday, April 20th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lincoln Electric Holdings currently has an average rating of “Hold” and an average target price of $65.57.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Wednesday, September 28th.
Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.
