ESAB (ESAB) to Release Earnings on Thursday

ESAB (NYSE:ESAB) is anticipated 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 that wish to register for the company’s earnings conference call can do so using this link.

ESAB Price Performance

Shares of NYSE ESAB opened at $129.25 on Tuesday. The stock’s 50-day simple moving average is $122.92 and its 200-day simple moving average is $115.06. The firm has a market capitalization of $7.81 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.36. ESAB has a fifty-two week low of $88.54 and a fifty-two week high of $135.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.92.

ESAB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. ESAB’s payout ratio is currently 7.49%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ESAB. Stifel Nicolaus upped their target price on shares of ESAB from $130.00 to $131.00 and gave the company a “hold” rating in a report on Friday, January 24th. Oppenheimer reaffirmed an “outperform” rating and set a $144.00 price objective (up previously from $138.00) on shares of ESAB in a report on Friday, November 8th. Loop Capital lifted their target price on ESAB from $105.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI cut 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 research report on Wednesday, November 13th. Finally, Jefferies Financial Group initiated coverage on ESAB in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $133.57.

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.