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ESAB has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
According to analysts' consensus price target of $51.25, ESAB has a forecasted upside of 36.7% from its current price of $37.50.
ESAB has only been the subject of 2 research reports in the past 90 days.
ESAB has a dividend yield of 0.52%, which is in the bottom 25% of all stocks that pay dividends.
ESAB does not have a long track record of dividend growth.
Based on earnings estimates, ESAB will have a dividend payout ratio of 5.32% next year. This indicates that ESAB will be able to sustain or increase its dividend.
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 $45,520.00 in company stock.
82.46% of the stock of ESAB is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings for ESAB are expected to decrease by -6.00% in the coming year, from $4.00 to $3.76 per share.
ESAB Corporation formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting, joining, and automated welding, as well as 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, including electrodes, nozzles, shields, and tips. The company's fabrication technology equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of digital software and 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, including general industry, construction, infrastructure, transportation, energy, renewable energy, and medical and life sciences. It offers its products through independent distributors and direct salespeople. ESAB Corporation was incorporated in 2021 and is based in Wilmington, Delaware.
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4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ESAB in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ESAB shares. View ESAB analyst ratings or view top-rated stocks.
4 brokers have issued 1-year target prices for ESAB's stock. Their ESAB share price forecasts range from $45.00 to $55.00. On average, they predict the company's share price to reach $51.25 in the next year. This suggests a possible upside of 38.5% 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 $54.90 at the beginning of the year. Since then, ESAB shares have decreased by 32.6% and is now trading at $37.00. View the best growth stocks for 2022 here.
ESAB saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 915,000 shares, a decrease of 8.5% from the July 31st total of 1,000,000 shares. Based on an average daily volume of 384,300 shares, the short-interest ratio is currently 2.4 days. Approximately 1.8% 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 Tuesday, November 8th 2022. View our ESAB earnings forecast.
ESAB Co. (NYSE:ESAB) issued its earnings results on Tuesday, August, 9th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.09. The company had revenue of $661.18 million for the quarter, compared to analysts' expectations of $629.40 million.
ESAB announced a quarterly dividend on Thursday, May 12th. Stockholders of record on Friday, July 1st will be given a dividend of $0.05 per share on Monday, July 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, June 30th. Read our dividend analysis for ESAB.
ESAB (NYSE:ESAB) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.51%. Read our dividend analysis for ESAB.
ESAB updated its FY 2022 earnings guidance on Tuesday, September, 13th. The company provided earnings per share guidance of $3.85-$4.05 for the period, compared to the consensus estimate of $4.00. The company issued revenue guidance of $2.45 billion-$2.50 billion, compared to the consensus revenue estimate of $2.50 billion.
ESAB trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESAB."
ESAB's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.12%), Cooke & Bieler LP (5.92%), State Street Corp (2.06%), FMR LLC (1.65%), Principal Financial Group Inc. (1.44%) and TimesSquare Capital Management LLC (1.33%). Insiders that own company stock include Curtis E Jewell, Kevin J Johnson and Olivier Biebuyck. 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. Compare Top Brokerages Here.
One share of ESAB stock can currently be purchased for approximately $37.00.
ESAB (NYSE:ESAB) has a market capitalization of $2.22 billion.
The company employs 9,275 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.
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