ESAB (ESAB) Stock Price, News & Analysis

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

8 brokers have issued 12 month price objectives for ESAB's shares. Their ESAB share price targets range from $73.00 to $95.00. On average, they anticipate the company's share price to reach $81.25 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
View analysts price targets for ESAB or view top-rated stocks among Wall Street analysts.

ESAB's stock was trading at $46.92 at the beginning of 2023. Since then, ESAB shares have increased by 75.1% and is now trading at $82.15.
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ESAB saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 374,900 shares, a decline of 12.4% from the October 31st total of 428,100 shares. Based on an average daily trading volume, of 237,600 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the company's shares are sold short.
View ESAB's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our ESAB earnings forecast.

ESAB Co. (NYSE:ESAB) released its quarterly earnings data on Wednesday, November, 1st. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.16. The firm earned $681.10 million during the quarter, compared to the consensus estimate of $628.17 million. ESAB had a net margin of 7.85% and a trailing twelve-month return on equity of 18.02%. ESAB's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share.

ESAB declared a quarterly dividend on Wednesday, December 6th. Shareholders of record on Friday, December 29th will be given a dividend of $0.06 per share on Friday, January 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Thursday, December 28th.
Read our dividend analysis for ESAB.

ESAB (NYSE:ESAB) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.29%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESAB will have a dividend payout ratio of 5.01% next year. This indicates that the company will be able to sustain or increase its dividend.
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 issued an update on its FY 2023 earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $4.30-$4.40 for the period, compared to the consensus EPS estimate of $4.24. The company issued revenue guidance of $2.59 billion-$2.61 billion, compared to the consensus revenue estimate of $2.62 billion.

ESAB's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (4.80%), Diamond Hill Capital Management Inc. (3.25%), Invesco Ltd. (2.28%), DAVENPORT & Co LLC (1.25%), Massachusetts Financial Services Co. MA (1.20%) and TimesSquare Capital Management LLC (1.02%). Insiders that own company stock include Christopher M Hix, Curtis E Jewell, Kevin J Johnson, Michele Campion, 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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