Lincoln Electric (LECO) to Release Quarterly Earnings on Thursday

Lincoln Electric (NASDAQ:LECO) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Lincoln Electric to post earnings of $2.03 per share and revenue of $995.84 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Lincoln Electric Price Performance

Lincoln Electric stock opened at $193.50 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 1.40 and a beta of 1.18. Lincoln Electric has a 1 year low of $169.51 and a 1 year high of $261.13. The firm has a 50 day moving average price of $194.76 and a 200 day moving average price of $195.70.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LECO. StockNews.com upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. KeyCorp upped their price target on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus cut their price objective on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lincoln Electric has a consensus rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Company Profile

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.