ESAB Corporation (NYSE:ESAB) to Issue Quarterly Dividend of $0.10

ESAB Corporation (NYSE:ESAB) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.10 per share on Friday, April 17th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, April 2nd.

ESAB has a dividend payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ESAB to earn $5.83 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.9%.

ESAB Trading Down 0.4%

NYSE ESAB traded down $0.55 during trading hours on Friday, hitting $124.32. The company’s stock had a trading volume of 129,529 shares, compared to its average volume of 447,846. The stock has a fifty day moving average of $121.70 and a 200 day moving average of $116.54. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.56. ESAB has a twelve month low of $100.17 and a twelve month high of $137.42. The firm has a market capitalization of $7.55 billion, a P/E ratio of 33.68, a PEG ratio of 2.30 and a beta of 1.24.

ESAB (NYSE:ESAB) last posted its quarterly earnings results on Friday, February 20th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. ESAB had a return on equity of 15.38% and a net margin of 7.98%.The company had revenue of $720.99 million for the quarter, compared to the consensus estimate of $687.80 million. During the same quarter in the prior year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that ESAB will post 5.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ESAB has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of ESAB from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Stifel Nicolaus raised their price objective on shares of ESAB from $144.00 to $158.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. increased their target price on shares of ESAB from $130.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday. Wall Street Zen cut shares of ESAB from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Finally, Roth Mkm reissued a “buy” rating and issued a $146.00 price target (down from $150.00) on shares of ESAB in a research report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $145.25.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.