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

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

Shares of LECO stock traded up $23.53 during trading on Thursday, hitting $217.53. The company’s stock had a trading volume of 245,891 shares, compared to its average volume of 249,899. The business has a fifty day moving average of $194.32 and a 200-day moving average of $195.69. The company has a market cap of $12.28 billion, a PE ratio of 25.96, a P/E/G ratio of 1.40 and a beta of 1.18. Lincoln Electric has a 52 week low of $169.51 and a 52 week 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.

Analysts Set New Price Targets

A number of analysts have recently commented on LECO shares. Stifel Nicolaus dropped their price objective 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. KeyCorp raised their target price 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, StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.