ESAB (ESAB) Stock Price, News & Analysis

Company Overview

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. The company's equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of software and digital solutions to help its customers increase their productivity, remotely monitor their welding operations, and digitize their documentation. The company sells its products under the ESAB brand to various end markets, such as general industry, infrastructure, renewable energy, medical and life sciences, transportation, construction, and energy. It offers its products through independent distributors and direct salespeople. The company operates in North America, South America, Europe, the Middle East, India, Africa, and the Asia Pacific. ESAB Corporation was founded in 1904 and is headquartered in North Bethesda, Maryland.

Key Stats

• Today's Range: $119.83 to $123.43
• 50-Day Range: $97.72 to $135.12
• 52-Week Range: $76.08 to $135.97
• Volume: 488,885 shs
• Average Volume: 254,227 shs
• Market Capitalization: $7.38 billion
• P/E Ratio: 28.57
• Dividend Yield: 0.26%
• Price Target: $124.14
• Consensus Rating: Hold

ESAB Stock Analysis - MarketRank™

ESAB scored higher than 55% of companies evaluated by MarketBeat, and ranked 109th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

ESAB has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

ESAB has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 8.70%

Earnings Growth

Earnings for ESAB are expected to grow by 8.70% in the coming year, from $4.94 to $5.37 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ESAB is 28.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of ESAB is 28.57, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.29.

Price to Earnings Growth Ratio

ESAB has a PEG Ratio of 2.17. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

ESAB has a P/B Ratio of 4.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.78% of the float of ESAB has been sold short.

Short Interest Ratio / Days to Cover

ESAB has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in ESAB has recently increased by 6.05%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

ESAB has a dividend yield of 0.26%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

ESAB does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of ESAB is 7.49%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, ESAB will have a dividend payout ratio of 5.96% next year. This indicates that ESAB will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.78% of the float of ESAB has been sold short.

Short Interest Ratio / Days to Cover

ESAB has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in ESAB has recently increased by 6.05%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.27

News Sentiment

ESAB has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for ESAB this week, compared to 5 articles on an average week.

MarketBeat Follows

3 people have added ESAB to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, ESAB insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,431,773.00 in company stock.

Percentage Held by Insiders

Only 7.20% of the stock of ESAB is held by insiders.

Percentage Held by Institutions

91.13% of the stock of ESAB is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ESAB Stock Analysis - Frequently Asked Questions

How have ESAB shares performed this year?

ESAB's stock was trading at $86.62 at the beginning of the year. Since then, ESAB stock has increased by 40.9% and is now trading at $122.01.
View the best growth stocks for 2024 here.

How were ESAB's earnings last quarter?

ESAB Co. (NYSE:ESAB) announced its quarterly earnings data on Tuesday, October, 29th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.13. The firm's revenue was down 1.2% on a year-over-year basis.

Who are ESAB's major shareholders?

Top institutional shareholders of ESAB include FMR LLC (3.63%), State Street Corp (2.80%), Geode Capital Management LLC (1.92%) and Champlain Investment Partners LLC (1.79%). Insiders that own company stock include Mitchell P Rales, Shyam Kambeyanda, Didier P Teirlinck, Christopher M Hix, Kevin J Johnson, Olivier Biebuyck, Patrick W Allender, Curtis E Jewell, Michele Campion and Rhonda L Jordan.
View institutional ownership trends.

How do I buy shares of ESAB?

Shares of ESAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ESAB own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ESAB investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Jabil (JBL), CrowdStrike (CRWD), Arista Networks (ANET) and Adobe (ADBE).

Company Calendar

• Ex-Dividend for 10/11 Dividend: 9/27/2024
• Dividend Payable: 10/11/2024
• Last Earnings: 10/29/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: General industrial machinery,
• Sub-Industry: Machinery
• Current Symbol: NYSE:ESAB
• CUSIP: N/A
• CIK: 1877322
• Web: www.esab.com
• Phone: 301-323-9099
• Fax: N/A
• Employees: 9,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $124.14
• High Stock Price Target: $144.00
• Low Stock Price Target: $95.00
• Potential Upside/Downside: +1.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.27
• Trailing P/E Ratio: 28.57
• Forward P/E Ratio: 24.70
• P/E Growth: 2.17
• Net Income: $205.29 million
• Net Margins: 9.47%
• Pretax Margin: 12.73%
• Return on Equity: 17.27%
• Return on Assets: 7.65%

Debt

• Debt-to-Equity Ratio: 0.58
• Current Ratio: 1.92
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $2.76 billion
• Price / Sales: 2.67
• Cash Flow: $5.66 per share
• Price / Cash Flow: 21.57
• Book Value: $27.34 per share
• Price / Book: 4.46

Miscellaneous

• Outstanding Shares: 60,448,000
• Free Float: 56,096,000
• Market Cap: $7.38 billion
• Optionable: Optionable
• Beta: 1.37