Lincoln Electric (LECO) to Release Earnings on Thursday

Lincoln Electric (NASDAQ:LECO) is anticipated to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.03 per share and revenue of $995.84 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Lincoln Electric Price Performance

LECO opened at $193.50 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $194.76 and its 200 day moving average price is $195.70. Lincoln Electric has a fifty-two week low of $169.51 and a fifty-two week high of $261.13. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp raised their price target on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Stifel Nicolaus cut their target price on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lincoln Electric presently has an average 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.