ESAB (NYSE:ESAB) Releases FY33 Earnings Guidance

ESAB (NYSE:ESAB) updated its FY33 earnings guidance on Friday. The company provided earnings per share guidance of $4.75-4.95 for the period, compared to the consensus earnings per share estimate of $4.93. ESAB also updated its FY 2024 guidance to 4.750-4.950 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ESAB shares. Oppenheimer started coverage on ESAB in a research note on Thursday, June 20th. They issued an outperform rating and a $115.00 target price on the stock. Stifel Nicolaus lowered their price objective on ESAB from $130.00 to $120.00 and set a buy rating on the stock in a research report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and five have issued 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 $103.14.

ESAB Stock Performance

NYSE ESAB opened at $95.99 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59. ESAB has a twelve month low of $61.43 and a twelve month high of $114.77. The stock has a 50-day moving average of $96.88 and a 200 day moving average of $99.36. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.71 and a beta of 1.42.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Friday, August 2nd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $707.10 million for the quarter, compared to analysts’ expectations of $686.75 million. ESAB had a net margin of 8.39% and a return on equity of 17.59%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 EPS. Sell-side analysts anticipate that ESAB will post 4.9 EPS for the current fiscal year.

ESAB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is a positive change from ESAB’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 0.33%. ESAB’s dividend payout ratio (DPR) is currently 8.38%.

About ESAB

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.