Lincoln Electric (NASDAQ:LECO – Get Free Report) will be releasing its earnings data before the market opens on Thursday, July 27th. Analysts expect Lincoln Electric to post earnings of $2.32 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Lincoln Electric (NASDAQ:LECO – Get Free Report) last posted its earnings results on Thursday, April 27th. The industrial products company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. Lincoln Electric had a net margin of 12.08% and a return on equity of 48.56%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $2.10 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts expect Lincoln Electric to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Lincoln Electric Trading Up 0.6 %
NASDAQ:LECO opened at $209.01 on Thursday. The company has a 50-day moving average price of $187.15 and a 200-day moving average price of $172.14. Lincoln Electric has a 12 month low of $120.01 and a 12 month high of $209.43. The company has a current ratio of 1.93, a quick ratio of 1.13 and a debt-to-equity ratio of 0.99. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 1.50 and a beta of 1.16.
Analyst Ratings Changes
Insider Buying and Selling at Lincoln Electric
In other Lincoln Electric news, COO Steven B. Hedlund sold 2,180 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $195.77, for a total value of $426,778.60. Following the completion of the sale, the chief operating officer now owns 38,943 shares in the company, valued at $7,623,871.11. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, COO Steven B. Hedlund sold 2,180 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $195.77, for a total transaction of $426,778.60. Following the sale, the chief operating officer now owns 38,943 shares of the company’s stock, valued at $7,623,871.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher L. Mapes sold 89,030 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $194.22, for a total value of $17,291,406.60. Following the transaction, the chief executive officer now owns 180,384 shares in the company, valued at $35,034,180.48. The disclosure for this sale can be found here. Insiders sold a total of 110,795 shares of company stock valued at $21,180,395 in the last three months. 2.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Lincoln Electric
Several hedge funds and other institutional investors have recently bought and sold shares of LECO. Vanguard Group Inc. grew its stake in Lincoln Electric by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,954,544 shares of the industrial products company’s stock worth $748,605,000 after buying an additional 63,007 shares during the last quarter. BlackRock Inc. boosted its position in Lincoln Electric by 0.3% during the 1st quarter. BlackRock Inc. now owns 5,289,641 shares of the industrial products company’s stock worth $894,478,000 after acquiring an additional 15,200 shares during the period. State Street Corp boosted its position in Lincoln Electric by 2.1% during the 3rd quarter. State Street Corp now owns 2,958,667 shares of the industrial products company’s stock worth $373,594,000 after acquiring an additional 59,991 shares during the period. Macquarie Group Ltd. boosted its position in Lincoln Electric by 55.9% during the 1st quarter. Macquarie Group Ltd. now owns 744,444 shares of the industrial products company’s stock worth $125,885,000 after acquiring an additional 266,838 shares during the period. Finally, Norges Bank acquired a new position in Lincoln Electric during the 4th quarter worth $96,738,000. 78.91% of the stock is currently owned by hedge funds and other institutional investors.
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, as well as consumables used in the brazing and soldering alloys market.
Featured Articles
- Five stocks we like better than Lincoln Electric
- J.B. Hunt Transportation Services Could Hit New Highs By Year End
- Profits Decline At Goldman Sachs, Time To Pick Up Cheap Shares?
- The Squeeze Is On For Carvana Stock Prices
- Acumen Soars on Alzheimer’s Study…Street Sees It Doubling
- Live Nation Shares Rock Out Ahead of Q2 Earnings
Receive News & Ratings for Lincoln Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric and related companies with MarketBeat.com's FREE daily email newsletter.
