Lincoln Electric Holdings, Inc. (NASDAQ:LECO) manufacturer of welding, cutting, and brazing products, is reporting second quarter earnings results on Monday 27th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.36 per share.
For the full year, analysts predict revenues of $ 2495.83 million, while looking forward to income of $ 2.98 per share.
Previous Quarter Performance
Lincoln Electric Holdings, Inc. revealed income for the first quarter of $ 1.00 per share, from the revenue of $ 702.00 million. The quarterly earnings declined 14.53 percent while revenues shrunk 7.53 percent compared with the same quarter last year. Wall street analysts are predicting revenue of $ 712.10 million The top line results fell short of analysts by $ 10.1 million or 1.42 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LECO was $ 91.53, representing a 54.35 % increase from the 52 week low of $ 59.30 and a 6.91 % decrease over the 52 week high of $ 98.32.
The company has a market capital of $ 5.44 billion and is part of the Industrials sector and Tools & Accessories industry.
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Recent Analyst recommendations
- On 8th July 2020, maintained by Robert W. Baird at Outperform rating, with $ 91.00 target price.
- On 26th June 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 86.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.49 per share on April 21, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on June 30, 2020 and ex-dividend date on June 29, 2020.
Conference Call
Lincoln Electric Holdings, Inc. will be hosting a conference call at 10:00 AM eastern time on 27th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lincolnelectric.com
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.
