Lincoln Electric (NASDAQ:LECO – Get Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.04, Briefing.com reports. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 EPS.
Lincoln Electric Stock Down 1.5 %
Shares of NASDAQ:LECO traded down $2.95 on Friday, reaching $195.84. The company had a trading volume of 344,124 shares, compared to its average volume of 390,286. The stock has a 50-day moving average price of $193.78 and a 200 day moving average price of $222.39. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. Lincoln Electric has a twelve month low of $164.00 and a twelve month high of $261.13. The stock has a market capitalization of $11.10 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.47 and a beta of 1.15.
Lincoln Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, September 30th. Lincoln Electric’s payout ratio is presently 30.15%.
Analysts Set New Price Targets
Read Our Latest Analysis on Lincoln Electric
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.
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