Lincoln Electric (NASDAQ:LECO) Announces Quarterly Earnings Results, Beats Estimates By $0.54 EPS

Lincoln Electric (NASDAQ:LECO) posted its quarterly earnings results on Thursday. The industrial products company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54, Zacks reports. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%.

Lincoln Electric Stock Performance

Shares of NASDAQ:LECO traded up $22.75 on Thursday, hitting $216.75. The company had a trading volume of 453,220 shares, compared to its average volume of 257,506. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 1.40 and a beta of 1.18. The stock has a 50 day moving average price of $194.32 and a 200 day moving average price of $195.69. Lincoln Electric has a 1-year low of $169.51 and a 1-year high of $261.13. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LECO shares. Stifel Nicolaus decreased their target price on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, KeyCorp boosted their price objective on shares of Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $229.50.

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.