ESAB (NYSE:ESAB) Updates FY 2026 Earnings Guidance

ESAB (NYSE:ESAB) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.400-5.500 for the period, compared to the consensus estimate of 5.770. The company issued revenue guidance of -.

Analyst Ratings Changes

ESAB has been the topic of a number of recent analyst reports. Oppenheimer decreased their target price on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Roth Capital boosted their price objective on ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Stifel Nicolaus lowered their price objective on ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Monday, July 20th. JPMorgan Chase & Co. reduced their price target on shares of ESAB from $148.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ESAB in a research report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, ESAB presently has an average rating of “Moderate Buy” and a consensus price target of $138.38.

ESAB Price Performance

Shares of ESAB traded up $0.52 during mid-day trading on Friday, reaching $95.03. 84,667 shares of the company’s stock were exchanged, compared to its average volume of 621,884. The company has a quick ratio of 2.26, a current ratio of 2.97 and a debt-to-equity ratio of 0.91. ESAB has a 52-week low of $82.18 and a 52-week high of $137.42. The company has a 50-day simple moving average of $91.83 and a two-hundred day simple moving average of $102.34. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 1.72 and a beta of 1.19.

ESAB (NYSE:ESAB) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.04). ESAB had a net margin of 7.11% and a return on equity of 15.04%. The business had revenue of $807.63 million during the quarter, compared to analyst estimates of $749.05 million. During the same quarter last year, the firm posted $1.36 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, sell-side analysts predict that ESAB will post 5.72 EPS for the current fiscal year.

ESAB News Summary

Here are the key news stories impacting ESAB this week:

• Positive Sentiment: ESAB reported second-quarter revenue of $807.6 million, up 12.9% year over year and well above the $749.1 million analyst consensus. The company cited strength in equipment and improved execution across its operations. ESAB Corporation Announces Second Quarter 2026 Results
• Positive Sentiment: The Eddyfi acquisition is expected to close ahead of schedule, potentially allowing ESAB to capture synergies and begin benefiting from the transaction sooner than previously planned. Management also forecast 2026 core sales of approximately $3.0 billion to $3.1 billion and adjusted EPS of $5.40 to $5.50. ESAB forecasts 2026 sales and EPS as Eddyfi closes ahead of schedule
• Neutral Sentiment: Management’s earnings call emphasized a strategic shift toward equipment, portfolio expansion and Eddyfi integration. The success of that strategy will depend on continued demand and the company’s ability to realize acquisition benefits. ESAB Q2 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted earnings were $1.33 per share, below the $1.37 consensus and down from $1.36 in the year-ago quarter. Full-year 2026 EPS guidance of $5.40 to $5.50 also trails the approximately $5.77 analyst consensus, signaling limited near-term earnings upside. ESAB Q2 Earnings Lag Estimates

Institutional Investors Weigh In On ESAB

Hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in ESAB by 11.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,852,692 shares of the company’s stock valued at $653,864,000 after acquiring an additional 613,327 shares in the last quarter. Durable Capital Partners LP boosted its stake in ESAB by 40.5% during the third quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock valued at $217,430,000 after buying an additional 560,678 shares in the last quarter. Millennium Management LLC grew its holdings in ESAB by 2,367.3% during the third quarter. Millennium Management LLC now owns 432,279 shares of the company’s stock worth $48,303,000 after acquiring an additional 414,759 shares during the period. Schroder Investment Management Group bought a new stake in ESAB in the fourth quarter worth about $34,273,000. Finally, AQR Capital Management LLC raised its position in ESAB by 1,103.8% in the fourth quarter. AQR Capital Management LLC now owns 320,547 shares of the company’s stock worth $35,812,000 after acquiring an additional 293,920 shares in the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.