Lincoln Electric (NASDAQ:LECO) Issues Earnings Results, Beats Expectations By $0.54 EPS

Lincoln Electric (NASDAQ:LECO) announced its quarterly earnings results on Thursday. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.54, Zacks reports. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The company had revenue of $1,022,030 billion for the quarter, compared to the consensus estimate of $995.84 million.

Lincoln Electric Stock Up 0.0 %

NASDAQ LECO traded up $0.01 during trading hours on Friday, reaching $213.82. 595,316 shares of the company traded hands, compared to its average volume of 240,737. The company has a 50 day moving average of $194.44 and a two-hundred day moving average of $195.86. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. Lincoln Electric has a 12 month low of $169.51 and a 12 month high of $261.13. The stock has a market capitalization of $12.07 billion, a PE ratio of 25.52, a PEG ratio of 1.40 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LECO. KeyCorp upped their price objective on shares of Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.25.

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.