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

Lincoln Electric (NASDAQ:LECO) issued its earnings results on Thursday. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Price Performance

NASDAQ LECO traded up $23.53 during trading hours on Thursday, reaching $217.53. The company’s stock had a trading volume of 245,891 shares, compared to its average volume of 249,899. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. Lincoln Electric has a 1 year low of $169.51 and a 1 year high of $261.13. The firm’s 50-day moving average price is $194.32 and its 200-day moving average price is $195.69. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.40 and a beta of 1.18.

Analyst Ratings Changes

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