ESAB (NYSE:ESAB) Releases FY33 Earnings Guidance

ESAB (NYSE:ESAB) issued an update on its FY33 earnings guidance on Friday morning. The company provided earnings per share guidance of $4.75-4.95 for the period, compared to the consensus earnings per share estimate of $4.93. ESAB also updated its FY 2024 guidance to 4.750-4.950 EPS.

Analyst Ratings Changes

A number of analysts have recently commented on ESAB shares. Oppenheimer started coverage on shares of ESAB in a research note on Thursday, June 20th. They issued an outperform rating and a $115.00 price target for the company. 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 note on Thursday, July 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $103.14.

ESAB Stock Down 2.3 %

NYSE:ESAB traded down $2.25 during mid-day trading on Friday, reaching $95.99. The company’s stock had a trading volume of 575,152 shares, compared to its average volume of 241,761. ESAB has a 1 year low of $61.43 and a 1 year high of $114.77. The company has a quick ratio of 1.01, a current ratio of 1.65 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $5.80 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. The stock has a fifty day moving average of $96.88 and a 200-day moving average of $99.36.

ESAB (NYSE:ESAB) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.27 by $0.05. The firm had revenue of $707.10 million during the quarter, compared to analyst estimates of $686.75 million. ESAB had a return on equity of 17.59% and a net margin of 8.39%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 EPS. Equities research analysts forecast that ESAB will post 4.9 earnings per share for the current year.

ESAB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.08 per share. This is an increase from ESAB’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, June 28th. ESAB’s dividend payout ratio (DPR) is currently 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.