NYSE:ESAB

ESAB (ESAB) Stock Forecast, Price & News

$67.71

-2.51 (-3.57%)

(As of 10/2/2023 ET)

Compare

Today's Range: $67.42
▼
$70.02
50-Day Range: $67.47
▼
$73.36
52-Week Range: $32.12
▼
$74.15

Volume: 223,692 shs
Average Volume: 244,745 shs
Market Capitalization: $4.08 billion

P/E Ratio: 19.63
Dividend Yield: 0.35%
Price Target: $79.88

ESAB MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 18.0% Upside
$79.88 Price Target
Short Interest: Healthy
0.67% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.81
Based on 8 Articles This Week
Insider Trading: Selling Shares
$115,926 Sold Last Quarter
Proj. Earnings Growth: 12.59%
From $4.21 to $4.74 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

Industrial Products Sector

48th out of 180 stocks

General Industrial Machinery, Industry

1st out of 12 stocks

3.3

Analyst's Opinion

Consensus Rating
ESAB has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $79.88, ESAB has a forecasted upside of 18.0% from its current price of $67.71.
Amount of Analyst Coverage
ESAB has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.67% of the float of ESAB has been sold short.
Short Interest Ratio / Days to Cover
ESAB has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ESAB has recently increased by 4.13%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
ESAB has a dividend yield of 0.34%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
ESAB does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of ESAB is 6.96%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ESAB will have a dividend payout ratio of 5.06% next year. This indicates that ESAB will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ESAB.

3.2

News and Social Media Coverage

News Sentiment
ESAB has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for ESAB this week, compared to 6 articles on an average week.
MarketBeat Follows
3 people have added ESAB to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ESAB insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $115,926.00 in company stock.
Percentage Held by Insiders
Only 7.00% of the stock of ESAB is held by insiders.
Percentage Held by Institutions
91.56% of the stock of ESAB is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for ESAB are expected to grow by 12.59% in the coming year, from $4.21 to $4.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ESAB is 19.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of ESAB is 19.63, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.30.
Price to Earnings Growth Ratio
ESAB has a PEG Ratio of 1.55. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ESAB has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ESAB (NYSE:ESAB) Stock

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, and automated welding; and 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 Price History

30 days | 90 days | 365 days | Advanced Chart

ESAB Stock News Headlines

October 2, 2023 | finance.yahoo.com

ESAB Corporation Schedules Third Quarter 2023 Earnings Release and Conference Call

October 1, 2023 | finance.yahoo.com

ESAB (NYSE:ESAB) Is Doing The Right Things To Multiply Its Share Price

October 2, 2023 | Legacy Research (Ad)

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September 30, 2023 | americanbankingnews.com

UBS Group Begins Coverage on ESAB (NYSE:ESAB)

September 27, 2023 | americanbankingnews.com

ESAB Co. (NYSE:ESAB) Given Average Recommendation of "Moderate Buy" by Analysts

September 25, 2023 | reuters.com

Enovis to buy surgical implants maker LimaCorporate for $850 mln

September 19, 2023 | finance.yahoo.com

Esab (ESAB) Surges 6.0%: Is This an Indication of Further Gains?

September 18, 2023 | msn.com

ESAB’s stock rises 8.6% on BofA's upgrade to Buy

October 2, 2023 | Legacy Research (Ad)

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September 18, 2023 | markets.businessinsider.com

What 8 Analyst Ratings Have To Say About ESAB

September 18, 2023 | msn.com

B of A Securities Upgrades ESAB (ESAB)

September 16, 2023 | finance.yahoo.com

Insider Sell: ESAB Corp President, Fab Tech Olivier Biebuyck Sells 460 Shares

September 10, 2023 | finance.yahoo.com

ESAB Insider Ups Holding By 16% During Year

September 8, 2023 | barrons.com

ESAB Corp.

September 5, 2023 | msn.com

NHYDY or ESAB: Which Is the Better Value Stock Right Now?

August 31, 2023 | msn.com

ESAB (ESAB) Price Target Increased by 6.52% to 80.58

August 20, 2023 | finance.yahoo.com

ESAB Corporation's (NYSE:ESAB) Intrinsic Value Is Potentially 37% Above Its Share Price

August 17, 2023 | finance.yahoo.com

ESAB Corporation to Participate in the 21st CL King Annual Best Ideas Conference 2023

August 15, 2023 | msn.com

Breakout Stocks: Motilal Oswal, Aurobindo Pharma and ESAB India rise 15-25% in a month. How should you trade on Wednesday?

August 3, 2023 | insidermonkey.com

ESAB Corporation (NYSE:ESAB) Q2 2023 Earnings Call Transcript

August 3, 2023 | msn.com

JP Morgan Maintains ESAB (ESAB) Neutral Recommendation

August 3, 2023 | finance.yahoo.com

ESAB Corporation Just Beat EPS By 5.1%: Here's What Analysts Think Will Happen Next

August 2, 2023 | markets.businessinsider.com

Robert W. Baird Reaffirms Their Buy Rating on ESAB Corporation (ESAB)

August 1, 2023 | finance.yahoo.com

ESAB Aug 2023 80.000 call

August 1, 2023 | finance.yahoo.com

Q2 2023 ESAB Corp Earnings Call

August 1, 2023 | msn.com

Esab (ESAB) Surpasses Q2 Earnings and Revenue Estimates

August 1, 2023 | finance.yahoo.com

ESAB Corporation Announces Second Quarter 2023 Results

See More Headlines

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ESAB Company Calendar

Ex-Dividend for 7/14 Dividend: 6/29/2023
Dividend Payable: 7/14/2023
Last Earnings: 8/01/2023
Ex-Dividend for 10/13 Dividend: 9/28/2023
Today: 10/02/2023
Dividend Payable: 10/13/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: General industrial machinery,
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NYSE:ESAB
CUSIP: N/A
CIK: 1877322
Web: www.esab.com
Phone: 301-323-9099
Fax: N/A
Employees: 9,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $79.88
High Stock Price Forecast: $89.00
Low Stock Price Forecast: $73.00
Forecasted Upside/Downside: +18.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.45
Trailing P/E Ratio: 19.63
Forward P/E Ratio: 16.08
P/E Growth: 1.55
Net Income: $223.75 million
Net Margins: 7.83%
Pretax Margin: 11.12%
Return on Equity: 18.25%
Return on Assets: 6.86%

Debt

Debt-to-Equity Ratio: 0.75
Current Ratio: 1.73
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $2.59 billion
Price / Sales: 1.57
Cash Flow: $5.16 per share
Price / Cash Flow: 13.13
Book Value: $23.11 per share
Price / Book: 2.93

Miscellaneous

Outstanding Shares: 60,260,000
Free Float: 56,041,000
Market Cap: $4.08 billion
Optionable: Optionable
Beta: 1.33

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Key Executives

Mr. Shyam P. Kambeyanda (Age 52)
Pres, CEO & Director
Comp: $2.78M

Mr. Kevin J. Johnson FCPA (Aust) (Age 47)
Exec. VP & CFO
Comp: $1.69M

Mr. Curtis E. Jewell (Age 40)
Sr. VP, Gen. Counsel & Corp. Sec.
Comp: $1.16M

Ms. Michele Campion (Age 46)
Sr. VP & Chief HR Officer
Comp: $1.13M

Mr. Olivier Biebuyck (Age 51)
Pres of Fabrication Technology
Comp: $1.37M

Mr. Renato Negro
Chief Accounting Officer

Mr. Vusa Mlingo (Age 53)
Sr. VP of Strategy & Bus. Devel.

Mr. John P. Dion (Age 58)
Sr. VP of ESAB Bus. Excellence

Ms. Eleanor Lukens (Age 58)
Pres of Americas

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ESAB Stock - Frequently Asked Questions

Should I buy or sell ESAB stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ESAB in the last twelve months. There are currently 4 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 forecast for 2023?: 8 brokerages have issued twelve-month target prices for ESAB's stock. Their ESAB share price forecasts range from $73.00 to $89.00. On average, they expect the company's stock price to reach $79.88 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price.
View analysts price targets for ESAB or view top-rated stocks among Wall Street analysts.
How have ESAB shares performed in 2023?: ESAB's stock was trading at $46.92 at the beginning of the year. Since then, ESAB shares have increased by 44.3% and is now trading at $67.71.
View the best growth stocks for 2023 here.
Are investors shorting ESAB?: ESAB saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 361,000 shares, a drop of 14.9% from the August 15th total of 424,400 shares. Based on an average daily trading volume, of 209,700 shares, the short-interest ratio is presently 1.7 days. Currently, 0.6% of the shares of the 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 Thursday, November 2nd 2023.
View our ESAB earnings forecast.
How were ESAB's earnings last quarter?: ESAB Co. (NYSE:ESAB) released its quarterly earnings results on Tuesday, August, 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.16. The company earned $720.40 million during the quarter, compared to the consensus estimate of $665.13 million. ESAB had a net margin of 7.83% and a trailing twelve-month return on equity of 18.25%. ESAB's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share.
How often does ESAB pay dividends? What is the dividend yield for ESAB?: ESAB announced a quarterly dividend on Thursday, September 14th. Investors of record on Friday, September 29th will be given a dividend of $0.06 per share on Friday, October 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for ESAB.
What ETFs hold ESAB's stock?: ETFs with the largest weight of ESAB (NYSE:ESAB) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust Mid Cap Growth AlphaDEX Fund (FNY) and First Trust US Equity Opportunities ETF (FPX).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

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 0.34%. The dividend payout ratio is 6.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESAB will have a dividend payout ratio of 5.06% 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 FY 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $4.10-$4.30 for the period, compared to the consensus estimate of $4.04. The company issued revenue guidance of -.
What is ESAB's stock symbol?: ESAB trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESAB."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ESAB's stock price today?: One share of ESAB stock can currently be purchased for approximately $67.71.
How much money does ESAB make?: ESAB (NYSE:ESAB) has a market capitalization of $4.08 billion and generates $2.59 billion in revenue each year. The company earns $223.75 million in net income (profit) each year or $3.45 on an earnings per share basis.
How many employees does ESAB have?: The company employs 9,000 workers across the globe.
How can I contact ESAB?: ESAB's mailing address is 909 ROSE AVENUE 8TH FLOOR, NORTH BETHESDA MD, 20852. The official website for the company is www.esab.com. The company can be reached via phone at 301-323-9099 or via email at investorrelations@esab.com.

This page (NYSE:ESAB) was last updated on 10/2/2023 by MarketBeat.com Staff

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ESAB (ESAB) Stock Forecast, Price & News

ESAB MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ESAB (NYSE:ESAB) Stock

ESAB Price History

ESAB Stock News Headlines

ESAB Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ESAB Stock - Frequently Asked Questions

Overall MarketRank^™