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OFFON

LINCOLN ELECTRIC HOLDINGS, INC.

(LECO)
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Lincoln Electric: Q2 Earnings Snapshot

07/27/2021 | 07:44am EDT

CLEVELAND (AP) _ Lincoln Electric Holdings Inc. (LECO) on Tuesday reported second-quarter earnings of $96.1 million.

On a per-share basis, the Cleveland-based company said it had net income of $1.60. Earnings, adjusted for non-recurring costs, came to $1.67 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The manufacturer of specialized welding products and other equipment posted revenue of $826.5 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $786.4 million.

Lincoln Electric shares have risen 18% since the beginning of the year. The stock has climbed 50% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LECO at https://www.zacks.com/ap/LECO

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on LINCOLN ELECTRIC HOLDINGS, INC.
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Financials (USD)
Sales 2021 3 210 M - -
Net income 2021 355 M - -
Net Debt 2021 414 M - -
P/E ratio 2021 22,7x
Yield 2021 1,53%
Capitalization 7 936 M 7 936 M -
EV / Sales 2021 2,60x
EV / Sales 2022 2,40x
Nbr of Employees 10 700
Free-Float 59,0%
Chart LINCOLN ELECTRIC HOLDINGS, INC.
Duration : Period :
Lincoln Electric Holdings, Inc. Technical Analysis Chart | LECO | US5339001068 | MarketScreener
Technical analysis trends LINCOLN ELECTRIC HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 133,63 $
Average target price 147,00 $
Spread / Average Target 10,0%
EPS Revisions
Managers and Directors
Christopher Lee Mapes Chairman, President & Chief Executive Officer
Gabriel Bruno Chief Financial Officer, Treasurer & Executive VP
Thomas Matthews Senior VP-Technology, Research & Development
Anthony K. Battle Chief Compliance Officer & SVP-Internal Audit
G. Russell Lincoln Independent Director
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