Lincoln Electric (NASDAQ:LECO) Issues Earnings Results

Lincoln Electric (NASDAQ:LECO) posted its earnings results on Thursday. The industrial products company reported $2.57 earnings per share 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 Trading Up 0.0 %

NASDAQ:LECO opened at $213.82 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. Lincoln Electric has a 52 week low of $169.51 and a 52 week high of $261.13. The firm’s fifty day moving average is $194.44 and its 200-day moving average is $195.86. The firm has a market cap of $12.07 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.40 and a beta of 1.18.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LECO shares. Stifel Nicolaus reduced their target price on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a report on Friday, January 24th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, KeyCorp upped their price objective on shares of Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.25.

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.