Lincoln Electric (LECO) Issues Earnings Results, Beats Expectations By $0.05 EPS
Lincoln Electric (NASDAQ:LECO) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05, Morningstar.com reports. The firm had revenue of $747.19 million during the quarter, compared to analyst estimates of $696.97 million. Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The company’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share.
Lincoln Electric (NASDAQ:LECO) opened at $89.08 on Wednesday. The stock has a market capitalization of $5,860.00, a PE ratio of 21.47, a PEG ratio of 1.73 and a beta of 1.04. Lincoln Electric has a 12-month low of $81.39 and a 12-month high of $101.34. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75.
A number of brokerages recently commented on LECO. Barclays lifted their price objective on Lincoln Electric from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. BidaskClub upgraded Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. FBR & Co reiterated a “buy” rating and issued a $115.00 price objective (up from $105.00) on shares of Lincoln Electric in a research report on Friday, October 27th. Finally, Stifel Nicolaus upgraded Lincoln Electric from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $97.00 to $116.00 in a research report on Tuesday, January 16th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $103.38.
About Lincoln Electric
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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