ESAB (NYSE:ESAB - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect ESAB to post earnings of $1.15 per share and revenue of $636.43 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
ESAB Price Performance
Shares of ESAB stock traded up $0.33 during trading on Friday, hitting $129.25. The stock had a trading volume of 220,940 shares, compared to its average volume of 167,468. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.25. The firm has a market cap of $7.81 billion, a P/E ratio of 30.27, a PEG ratio of 2.01 and a beta of 1.36. The business has a fifty day moving average of $122.90 and a two-hundred day moving average of $114.85. ESAB has a fifty-two week low of $88.54 and a fifty-two week high of $135.97.
ESAB Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. ESAB's dividend payout ratio (DPR) is 7.49%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Oppenheimer restated an "outperform" rating and issued a $144.00 price objective (up previously from $138.00) on shares of ESAB in a report on Friday, November 8th. Stifel Nicolaus upped their target price on ESAB from $130.00 to $131.00 and gave the company a "hold" rating in a report on Friday, January 24th. Jefferies Financial Group assumed coverage on ESAB in a report on Thursday, December 12th. They set a "buy" rating and a $160.00 target price for the company. Loop Capital upped their target price on ESAB from $105.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Finally, Evercore ISI downgraded ESAB from an "in-line" rating to an "underperform" rating and upped their target price for the company from $102.00 to $122.00 in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $133.57.
View Our Latest Stock Analysis on ESAB
ESAB Company Profile
(
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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.
Further Reading
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