What is Zacks Research’s Forecast for LECO FY2024 Earnings?

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Stock analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of Lincoln Electric in a note issued to investors on Monday, December 16th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings per share of $8.71 for the year, up from their prior forecast 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.

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

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock traded up $2.61 on Thursday, reaching $194.19. 15,891 shares of the company were exchanged, compared to its average volume of 312,486. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.59 and a beta of 1.16. Lincoln Electric has a 1-year low of $169.51 and a 1-year high of $261.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The company’s 50-day moving average is $205.20 and its two-hundred day moving average is $195.79.

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

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 given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, December 31st. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio is 35.80%.

Institutional Investors Weigh In On Lincoln Electric

Large investors have recently modified their holdings of the stock. Avior Wealth Management LLC lifted its holdings in shares of Lincoln Electric by 3.0% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 48 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Lincoln Electric by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock worth $316,000 after buying an additional 51 shares during the period. Ritholtz Wealth Management lifted its stake in Lincoln Electric by 4.8% during the third quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after buying an additional 60 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of Lincoln Electric by 3.1% in the third quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock worth $454,000 after buying an additional 71 shares during the period. Finally, Quarry LP increased its position in shares of Lincoln Electric by 41.5% in the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 88 shares in the last quarter. 79.61% of the stock is owned by institutional investors.

About Lincoln Electric

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.