ESAB (ESAB) Scheduled to Post Earnings on Tuesday

ESAB (NYSE:ESAB - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. ESAB has set its FY33 guidance at $4.75-4.95 EPS and its FY 2024 guidance at 4.750-4.950 EPS.Parties interested in participating in the company's conference call can do so using this link.

ESAB (NYSE:ESAB - Get Free Report) last announced its earnings results on Friday, August 2nd. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.27 by $0.05. ESAB had a return on equity of 17.49% and a net margin of 9.06%. The business had revenue of $707.10 million for the quarter, compared to analysts' expectations of $686.75 million. During the same period in the prior year, the business posted $1.21 earnings per share. The firm's revenue was down 1.8% on a year-over-year basis. On average, analysts expect ESAB to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ESAB Trading Down 1.6 %

ESAB stock traded down $1.85 during mid-day trading on Tuesday, hitting $111.04. 302,380 shares of the stock were exchanged, compared to its average volume of 245,379. ESAB has a 12 month low of $61.43 and a 12 month high of $114.77. The firm's fifty day simple moving average is $102.94 and its two-hundred day simple moving average is $101.66. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.81 and a beta of 1.42. The company has a quick ratio of 1.21, a current ratio of 1.86 and a debt-to-equity ratio of 0.62.

ESAB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. ESAB's payout ratio is currently 8.38%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Bank of America upped their target price on ESAB from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Stifel Nicolaus reduced their price objective on shares of ESAB from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, July 18th. Evercore ISI lowered their price objective on shares of ESAB from $107.00 to $102.00 and set an "in-line" rating for the company in a research note on Monday, August 19th. Oppenheimer increased their target price on shares of ESAB from $115.00 to $122.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of ESAB from $120.00 to $128.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $116.17.

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.