ESAB (ESAB) Stock Forecast, Price & News

7 Wall Street 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 analysts is that investors should "moderate buy" ESAB shares.
View ESAB analyst ratings or view top-rated stocks.

7 brokers have issued 1-year 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 share price to reach $80.14 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for ESAB or view top-rated stocks among Wall Street analysts.

ESAB's stock was trading at $46.92 on January 1st, 2023. Since then, ESAB stock has increased by 50.1% and is now trading at $70.41.
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ESAB saw a drop in short interest during 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 trading volume of 209,700 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.6% of the company's stock are short sold.
View ESAB's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ESAB earnings forecast.

ESAB Co. (NYSE:ESAB) issued its earnings results on Tuesday, August, 1st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.05 by $0.16. The business had revenue of $720.40 million for the quarter, compared to the consensus estimate of $665.13 million. ESAB had a trailing twelve-month return on equity of 18.25% and a net margin of 7.83%. ESAB's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 earnings per share.

ESAB declared a quarterly dividend on Thursday, September 14th. Stockholders 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 annualized dividend and a yield of 0.34%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for ESAB.

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).

ESAB (NYSE:ESAB) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.35%. 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.

ESAB issued an update on 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 -.

ESAB trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESAB."

ESAB's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.43%), Cooke & Bieler LP (5.01%), Diamond Hill Capital Management Inc. (3.67%), Dimensional Fund Advisors LP (3.49%), State Street Corp (2.44%) and Alliancebernstein L.P. (2.27%). Insiders that own company stock include Christopher M Hix, Curtis E Jewell, Kevin J Johnson, Mitchell P Rales, Olivier Biebuyck, Patrick W Allender and Rhonda L Jordan.
View institutional ownership trends.

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.
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One share of ESAB stock can currently be purchased for approximately $70.41.

ESAB (NYSE:ESAB) has a market capitalization of $4.24 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.

The company employs 9,000 workers across the globe.

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.