ESAB (ESAB) Projected to Post Quarterly Earnings on Thursday

ESAB (NYSE:ESAB) is expected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $636.43 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ESAB Price Performance

Shares of NYSE ESAB opened at $124.16 on Thursday. The firm’s 50-day moving average price is $122.92 and its 200-day moving average price is $114.34. ESAB has a 1-year low of $87.12 and a 1-year high of $135.97. The firm has a market capitalization of $7.51 billion, a P/E ratio of 29.08, a P/E/G ratio of 2.01 and a beta of 1.36. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

ESAB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. ESAB’s dividend payout ratio is currently 7.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of ESAB in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Evercore ISI lowered shares of ESAB from an “in-line” rating to an “underperform” rating and upped their target price for the stock from $102.00 to $122.00 in a report on Wednesday, November 13th. Oppenheimer restated an “outperform” rating and issued a $144.00 target price (up previously from $138.00) on shares of ESAB in a report on Friday, November 8th. Stifel Nicolaus upped their target price on shares of ESAB from $130.00 to $131.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Loop Capital upped their target price on shares of ESAB from $105.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $133.57.

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.