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NYSE:ESAB

ESAB (ESAB) Stock Price, News & Analysis

$103.69
+0.61 (+0.59%)
(As of 05/24/2024 ET)
Today's Range
$101.92
$103.78
50-Day Range
$101.16
$113.83
52-Week Range
$57.53
$114.77
Volume
393,159 shs
Average Volume
238,402 shs
Market Capitalization
$6.26 billion
P/E Ratio
27.14
Dividend Yield
0.23%
Price Target
$96.29

ESAB MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
7.1% Downside
$96.29 Price Target
Short Interest
Healthy
0.94% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.04mentions of ESAB in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.07 M Sold Last Quarter
Proj. Earnings Growth
10.55%
From $4.93 to $5.45 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.16 out of 5 stars

Industrial Products Sector

111th out of 156 stocks

General Industrial Machinery, Industry

4th out of 7 stocks

ESAB stock logo

About ESAB Stock (NYSE: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. The company's equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of software and digital solutions to help its customers increase their productivity, remotely monitor their welding operations, and digitize their documentation. The company sells its products under the ESAB brand to various end markets, such as general industry, infrastructure, renewable energy, medical and life sciences, transportation, construction, and energy. It offers its products through independent distributors and direct salespeople. The company operates in North America, South America, Europe, the Middle East, India, Africa, and the Asia Pacific. ESAB Corporation was founded in 1904 and is headquartered in North Bethesda, Maryland.

ESAB Stock Price History

ESAB Stock News Headlines

Q1 2024 ESAB Corp Earnings Call Transcript
Q1 2024 ESAB Corp Earnings Call
ESAB Reaches Analyst Target Price
ESAB Corporation (ESAB) Receives a Rating Update from a Top Analyst
ESAB Corporation Announces Offering of Senior Notes
See More Headlines
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Company Calendar

Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Last Earnings
5/01/2024
Today
5/25/2024
Ex-Dividend for 7/12 Dividend
6/28/2024
Dividend Payable
7/12/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
General industrial machinery,
Sub-Industry
N/A
Fax
N/A
Employees
9,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$96.29
High Stock Price Target
$125.00
Low Stock Price Target
$73.00
Potential Upside/Downside
-7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$205.29 million
Pretax Margin
11.85%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$5.79 per share
Book Value
$27.84 per share

Miscellaneous

Free Float
56,194,000
Market Cap
$6.26 billion
Optionable
Optionable
Beta
1.55
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ESAB Stock Analysis - Frequently Asked Questions

Should I buy or sell ESAB stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ESAB in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ESAB shares.
View ESAB analyst ratings
or view top-rated stocks.

What is ESAB's stock price target for 2024?

7 equities research analysts have issued 12-month target prices for ESAB's stock. Their ESAB share price targets range from $73.00 to $125.00. On average, they expect the company's share price to reach $96.29 in the next year. This suggests that the stock has a possible downside of 7.1%.
View analysts price targets for ESAB
or view top-rated stocks among Wall Street analysts.

How have ESAB shares performed in 2024?

ESAB's stock was trading at $86.62 on January 1st, 2024. Since then, ESAB stock has increased by 19.7% and is now trading at $103.69.
View the best growth stocks for 2024 here
.

Are investors shorting ESAB?

ESAB saw a increase in short interest in April. As of April 15th, there was short interest totaling 541,000 shares, an increase of 26.2% from the March 31st total of 428,600 shares. Based on an average daily trading volume, of 248,300 shares, the short-interest ratio is currently 2.2 days. Approximately 1.0% of the company's stock are sold short.
View ESAB's Short Interest
.

When is ESAB's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our ESAB earnings forecast
.

How were ESAB's earnings last quarter?

ESAB Co. (NYSE:ESAB) released its quarterly earnings results on Wednesday, May, 1st. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.09. The business had revenue of $690 million for the quarter, compared to analyst estimates of $653.93 million. ESAB had a trailing twelve-month return on equity of 17.59% and a net margin of 8.39%. ESAB's revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share.

How often does ESAB pay dividends? What is the dividend yield for ESAB?

ESAB declared a quarterly dividend on Thursday, May 9th. Shareholders of record on Friday, June 28th will be given a dividend of $0.08 per share on Friday, July 12th. This represents a $0.32 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, June 28th. This is a boost from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for ESAB
.

Is ESAB a good dividend stock?

ESAB (NYSE:ESAB) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESAB will have a dividend payout ratio of 4.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESAB.

What guidance has ESAB issued on next quarter's earnings?

ESAB updated its FY33 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of $4.75-$4.95 for the period.

Who are ESAB's major shareholders?

ESAB's stock is owned by a number of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (10.63%), Vanguard Group Inc. (9.20%), DAVENPORT & Co LLC (1.34%), TimesSquare Capital Management LLC (0.78%), Allspring Global Investments Holdings LLC (0.67%) and Allspring Global Investments Holdings LLC (0.67%). Insiders that own company stock include Christopher M Hix, Curtis E Jewell, Didier P Teirlinck, Kevin J Johnson, Michele Campion, Mitchell P Rales, Olivier Biebuyck, Patrick W Allender, Rajiv Vinnakota, Rhonda L Jordan and Shyam Kambeyanda.
View institutional ownership trends
.

How do I buy shares of ESAB?

Shares of ESAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ESAB) was last updated on 5/26/2024 by MarketBeat.com Staff

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