Lincoln Electric (NASDAQ:LECO) Announces Earnings Results

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

Lincoln Electric Price Performance

Shares of LECO traded up $22.75 during midday trading on Thursday, hitting $216.75. The company’s stock had a trading volume of 453,220 shares, compared to its average volume of 257,506. 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 one year low of $169.51 and a one year high of $261.13. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. The company’s fifty day simple moving average is $194.32 and its two-hundred day simple moving average is $195.69.

Analyst Ratings Changes

LECO has been the topic of a number of analyst reports. KeyCorp increased their price target on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Stifel Nicolaus decreased their price target on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.50.

About Lincoln Electric

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.