ESAB (NYSE:ESAB) Issues Quarterly Earnings Results

ESAB (NYSE:ESAB - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.07, Zacks reports. ESAB had a return on equity of 17.43% and a net margin of 9.66%. The firm had revenue of $678.14 million during the quarter, compared to analysts' expectations of $633.66 million. During the same quarter last year, the firm posted $1.20 earnings per share. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. ESAB updated its FY 2025 guidance to 5.100-5.250 EPS.

ESAB Stock Performance

NYSE ESAB traded up $5.76 during trading on Friday, hitting $123.99. 335,687 shares of the company's stock traded hands, compared to its average volume of 279,245. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.25 and a current ratio of 1.82. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.01 and a beta of 1.37. ESAB has a 12-month low of $88.54 and a 12-month high of $135.97. The business has a 50 day moving average of $117.88 and a 200-day moving average of $121.51.

ESAB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Friday, April 4th. ESAB's dividend payout ratio (DPR) is currently 7.41%.

Wall Street Analysts Forecast Growth

ESAB has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of ESAB from $109.00 to $126.00 and gave the company a "hold" rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on ESAB from $133.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. UBS Group upgraded ESAB from a "neutral" rating to a "buy" rating and raised their target price for the company from $123.00 to $147.00 in a report on Tuesday, April 1st. Finally, Evercore ISI raised ESAB from an "underperform" rating to an "inline" rating and lowered their price target for the company from $122.00 to $120.00 in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $135.88.

About ESAB

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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