Shares of ESAB Co. (NYSE:ESAB – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $99.38.
Several equities analysts recently commented on the company. Oppenheimer began coverage on ESAB in a report on Thursday, June 20th. They issued an “outperform” rating and a $115.00 target price on the stock. Stifel Nicolaus dropped their price objective on ESAB from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 18th.
Check Out Our Latest Analysis on ESAB
Institutional Inflows and Outflows
ESAB Stock Performance
Shares of ESAB stock opened at $98.94 on Tuesday. The business has a 50-day simple moving average of $97.56 and a 200-day simple moving average of $99.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.01 and a current ratio of 1.65. ESAB has a one year low of $61.43 and a one year high of $114.77. The company has a market cap of $5.98 billion, a PE ratio of 25.90, a P/E/G ratio of 1.74 and a beta of 1.43.
ESAB (NYSE:ESAB – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.11 by $0.09. ESAB had a net margin of 8.39% and a return on equity of 17.59%. The company had revenue of $690.00 million during the quarter, compared to analysts’ expectations of $653.93 million. During the same quarter in the previous year, the business posted $1.04 EPS. The firm’s revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that ESAB will post 4.9 EPS for the current fiscal year.
ESAB Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a dividend of $0.08 per share. The ex-dividend date was Friday, June 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from ESAB’s previous quarterly dividend of $0.06. ESAB’s payout ratio is 8.38%.
ESAB Company Profile
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.
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